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The January 2017 NYINC Auction
^ M World Paper Money
January 12 & 17, 2017
Waldorf Astoria Hotel
New York, NY
An Official Auction of the NYINC
Stacks Bowers Galleries
Upcoming Auction Schedule
Coins and Currency
Date
Auction
Consignment Deadline
January 11, 2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
December 22, 2016
February 22, 2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
February 7, 2017
March 15,2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
February 28, 2017
March 29-31,2017
Stacks Bowers Galleries - U.S. Coins & Currency
Official Auction of the Whitman Coin & Collectibles Baltimore Expo
Baltimore, MD
January 31, 2017
March 31, 2017
Stacks Bowers Galleries - U.S. Coins
The D. Brent Pogue Collection, Part V
Evergreen Museum & Library
Baltimore, MD
Not Applicable
April 3-5, 2017
Stacks Bowers and Ponterio - Chinese & Asian Coins & Banknotes
Hong Kong Auction of Chinese and Asian Coins & Currency
Hong Kong
January 31, 2017
April 5,2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
March 21, 2017
May 3, 2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
April 18, 2017
May 17, 2017
Collectors Choice Online Auction - Ancient & World Coins & Banknotes
StacksBowers.com
April 21, 2017
June 14, 2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
May 30, 2017
June 21-24, 2017
Stacks Bowers Galleries - U.S. Coins & Currency
Official Auction of the Whitman Coin & Collectibles Baltimore Expo
Baltimore, MD
April 25, 2017
July 12, 2017
Collectors Choice Online Auction - U.S. Coins & Currency
StacksBowers.com
June 26, 2017
August 1-5, 2017
Stacks Bowers Galleries - World Coins & Paper Money
An Official Auction of the ANA World s Fair of Money
Denver, CO
June 2, 2017
August 1-5, 2017
Stacks Bowers Galleries - U.S. Coins & Currency
An Official Auction of the ANA Worlds Fair of Money
Denver, CO
June 5, 2017
August 14-16, 2017
Stacks Bowers and Ponterio - Chinese & Asian Coins & Banknotes
Hong Kong Auction of Chinese and Asian Coins & Currency
Hong Kong
June 13,2017
October 4, 2017
Collectors Choice Online Auction - Ancient & World Coins & Banknotes
StacksBowers.com
September 8, 2017
November 9-12, 2017
Stacks Bowers Galleries - U.S. Coins & Currency
Official Auction of the Whitman Coin & Collectibles Baltimore Expo
Baltimore, MD
September 12, 2017
Stacks Bowers Galleries presents
The January 2017 NYINC Auction
World Paper Money
January 12 & 17, 2017
Waldorf Astoria Hotel
301 Park Avenue
New York, NY 10022
Tel: 212.355.3000
California Office
1231 E. Dyer Road, Ste 100
Santa Ana, CA 92705
Telephone: 800.458.4646
Telephone: 949.253.0916
Fax: 949.253.4091
New York Office
123 W. 57th St.
New York, NY 10019
Telephone: 800.566.2580
Telephone: 212.582.2580
Fax: 212.245.5018
Paris Office
Telephone: +33.6.14.32.3177
New England Office
P.O. Box 1804
Wolfeboro, NH 03894
Telephone: 866.811.1804
Telephone: 603.569.0823
Fax: 603.569.3875
South Carolina Office
Telephone: 864.520.2208
Hong Kong Office
Unit 1603, 16/F
Miramar Tower
No. 132 Nathan Road
Tsim Sha Tsui, Kowloon, HK
Telephone: 852.2117.1191
www.StacksBowers.com
Copyright © 2016 Stacks-Bowers Numismatics, LLC • All Rights Reserved
How to Bid
Before the Live Auction
There are several ways to bid prior to the start of the live auction.
Fax/Mail Bid Sheet
Use the enclosed bid sheet and mail or fax it to us. If sending by mail, please allow sufficient time for the postal service.
Mail: Att. Auction Department Fax: 949.253.4091
Stacks Bowers Galleries
1231 East Dyer Rd., Ste 100
Santa Ana, CA 92705
United States
Phone
Telephone Stacks Bowers Galleries at 949.253.0916
Internet
View additional images and add items to your personal tracking list. You may also place bids and check their status in
real time. Visit our website at www.stacksbowers.com.
During the Live Auction
Attend in Person
Auction Event: Waldorf Astoria Hotel
301 Park Avenue
New York, NY 10022
Tel: 212.355.3000
Live Online Bidding
Stacks Bowers Galleries will offer live online bidding for this auction. We strongly recommend that you register
to bid at www.stacksbowers.com at least 48 hours before the start of the auction.
Live Bidding by Phone
If you wish to bid by phone during the live auction, please register your interest at least 48 hours prior to the start
of the auction. Stacks Bowers Galleries will ask for the lot numbers you are interested in with your complete contact
information. Stacks Bowers Galleries will call you during the auction and you can place bids with our representative
in real time. We regret that we can only offer this service for lots estimated at $2500 or more. If you wish to arrange live
bidding by phone, contact Customer Service at 949.253.0916 or email info@stacksbowers.com.
n
The January 2017 NYINC Auction
January 12 & 17, 2017
Lot Viewing
Lot Viewing will be conducted in the Santa Ana, CA offices (by appointment only): December 15-16, & 19-22, 2016
Lot Viewing will be conducted in the NY offices (by appointment only): January 3-9, 2017
Lot Viewing will be conducted at the Waldorf Astoria in the Morgan Suite (18th Floor), as follows:
Wednesday, January 1 1 Thursday, January 12 Friday, January 13 Saturday, January 14 Sunday, January 15
9:00 AM - 5:30 PM ET 9:00 AM - 5:30 PM ET 9:00 AM - 5:30 PM ET 9:00 AM - 5:30 PM ET 9:00 AM - 1:00 PM ET
Auction Location
Waldorf Astoria Hotel
301 Park Avenue
New York, NY 10022
Tel: 212.355.3000
Auction Details
Session A
World Paper Money
Thursday, January 12
1:00 PM ET
Lots 1001-1406
Session D
Internet Only
World Paper Money
Tuesday, January 17
9:00 AM PT
Lots 4001-4561
Session B
Ancient Coins , Selections from
The Richard Stuart Collection &
World Coins Part I
Friday, January 13
6:30 PM ET
Lots 2001-2504
Session C
World Coins Part II
Saturday, January 14
6:30 PM ET
Lots 3001-3453
Session E
Internet Only
Ancient Coins
Tuesday, January 17
9:00 AM PT
Lots 5001-5282
Session F
Internet Only
World Coins
Wenesday, January 18
9:00 AM PT
Lots 6001-7404
Please refer to our other January 2017 auction catalogs for a listing of ancient and world coins .
View our entire auction schedule online at StacksBowers.com.
Lot Pickup
Lot Pickup will be conducted at the Waldorf Astoria in the Morgan Suite (18th Floor), as follows:
Friday, January 13 Saturday, January 14
10:00 AM - 1:00 PM ET 10:00 AM - 1:00 PM ET
Sunday, January 15
9:00 AM -1:00 PM ET
Bank Wire Information:
CIT Bank, N.A.
888 East Walnut Street, Pasadena, CA 91101
ABA/routing#: 322270288
Swift code: OWBKUS6L (for incoming international wires)
Account #1311011385
Account name: Stacks Bowers Numismatics, LLC
Dates , times and locations are subject to change.
Stacks Bowers Galleries
Q. David Bowers
Stack’s Bowers Galleries
Founder
QBowers@StacksBowers.com
Harvey Stack
Stack’s Bowers Galleries
Founder
HStack@StacksBowers.com
Lawrence R. Stack Greg Roberts Brian Kendrella
Stack’s Bowers Galleries President and CEO, President
Founder Spectrum Group International BKendrella@StacksBowers.com
LStack@StacksBowers.com GRoberts@StacksBowers.com
Richard Ponterio Nirat Lertchitvikul
Executive Vice President Director of Asian Operations
RPonterio @StacksB o wer s. com N ir at@StacksB owers. com
Ron Gillio
Numismatic Acquistions
Coordinator
RGillio @StacksB owers. com
Vicken Yegparian Zhou Shou Yuan
Vice President of Numismatics Executive Consignment Director
VYegparian@StacksBowers.com China
ZShouyuan@StacksBowers.com
Peter A. Treglia
Manning Garrett
John Pack
Brad Ciociola
Aris Maragoudakis
Director of Currency
Director of Currency
Executive Director
Currency Specialist
Currency Specialist
PTreglia@StacksBowers.com
MGarrett@StacksBowers.com
of Consignments
BCiociola@StacksBowers.com
AMarkis@StacksBowers.com
JPack@StacksBowers.com
Christine Karstedt
Executive Vice President
CKarstedt@StacksBowers.com
y
Andrew Glassman
Chief Financial Officer
AGlassman@StacksBowers.com
Wayne Berkley Maryna Synytsya Melissa Karstedt
Director of Client Services Manager of European Operations Auctioneer,
WBerkley@StacksBowers.com MSynytsya@StacksBowers.com Consignment Director
MKarstedt@StacksBowers.com
Cataloged by Aris Maragoudakis, Matthew W. Quinn and Peter A. Treglia
IV
Stacks Bowers Galleries Team
Consignment and Numismatic Specialists
California Office: 949.253.0916
Jeff Ambio
Ext. 204 - JeffA@StacksBowers.com
Wayne Berkley
Ext. 262 - WBerkley@StacksBowers.com
Chris Chatigny
Ext. 318 - CChatigny@StacksBowers.com
Ron Gillio
RGillio @Stacks Bowers.com
Richard Gonzales
Ext. 219 - RGonzales@StacksBowers.com
Brian Kendrella
Ext. 291 - BKendrella@StacksBowers.com
Aris Maragoudakis
Ext. 279 - AMarkis@StacksBowers.com
James McCartney
Ext. 232 - JMcCartney@StacksBowers.com
Todd McKenna
Ext. 221 - TMcKenna@StacksBowers.com
Benjamin Orooji
Ext. 295 - BOrooji@StacksBowers.com
John Pack
Ext. 258 - JPack@StacksBowers.com
Kyle Ponterio
Ext. 212 - KyPonterio@StacksBowers.com
Richard Ponterio
Ext. 290 - RPonterio@StacksBowers.com
Steve Price
Ext. 260 - SPrice@StacksBowers.com
Scott Reiter
Ext. 228 - SReiter@StacksBowers.com
Peter Treglia
Ext. 250 - PTreglia@StacksBowers.com
Robert Witt
Ext. 217 - RWitt@StacksBowers.com
New York Office: 212.582.2580
Andrew Bowers
Ext. 5222 - ABowers@StacksBowers.com
Amandeep Jassal
Ext. 249 - AJassal@StacksBowers.com
Harvey Stack
HStack@StacksBowers.com
Larry Stack
LStack@StacksBowers.com
Vicken Yegparian
Ext. 5459 - VYegparian@StacksBowers.com
Consultants
John Kraljevich
Andy Pollock
Eric Schena
Steve Tureen
Matthew W. Quinn
Bruce Hagen
Frank Van Valen
Customer Service
Accounting
Photography
Jenna Arsenian
Eric Choi
Karen Bridges
Linda Bernard
Andrew Glassman
Jeremy Katz
Bryan Cao
James Nguyen
Dan Malo
Samantha Douglas
Asha Ramcharan
Keven Tran
Amanda Phan
Sarah Jackels
Eric Rodriguez
Naomi Ropati
Information Technology
Jolie Jiang
Tracey Kasparian
Kenny Chao
Cynthia LaCarbonara
Erin Zirschky
Travis McDonald
Crystal Ng
Robin Olson
DJ Olivares
Mary Ross
Taylor McCluskey
Marketing and
Graphic Design
Jennifer Meers
Millie Wu
Jay Freeman
New Hampshire Office: 603.569.0823
Q. David Bowers
QBowers@StacksBowers.com
Christine Karstedt
Ext 361 - CKarstedt@StacksBowers.com
Melissa Karstedt
Ext 362 - MKarstedt@StacksBowers.com
Hong Kong Office: +852.2117.1191
Nirat Lertchitvikul
Nirat@StacksBowers.com
Ping Lertchitvikul
Ping@StacksBowers.com
Paris Office: +33.6.14.32.3177
Maryna Synytsya
MSynytsya@StacksBowers.com
Other Offices
Bobby Avena
BAvena@StacksBowers.com
Brad Ciociola
BCiociola@StacksBowers.com
Manning Garrett
MGarrett@StacksBowers.com
Ben Mahaffey
BMahaffey@StacksBowers.com
Shipping and Receiving
Jason Best
Tyler Hartge
Administrative
Carol Holt
Larissa Mulkern
Carola Ponterio
v
Welcome to the January 2017 New York International Auction
The World Currency Department of Stacks Bowers and
Ponterio are elated to offer the catalog for our flagship
2017 January New York International Auction, held at the
Waldorf Astoria in New York City Its been quite a journey
this time around, as weve been collecting consignments
for this sale since the summer. With New York City being
synonymous with the best of the best, we knew that this
sale needed to have exquisite and highlight- able material
that exceed expectations. Therefore, with the help of our
industry leading Consignment Directors and our ever
growing clientele, we have pieced together a sale worthy
of being called a “New York International” offering. A few
of the most scarce and desirable notes can be seen in this
catalog, with many being the finest, and in some cases, the
only notes known for the type.
A great example of this is our 50 and 100 Tomans notes being
offered as highlights in the Iranian section of our catalog.
These Imperial Bank of Persia issued notes are the finest we
have seen, and the only we have known to ever be offered in
a public auction. The 50 Tomans is payable at Teheran only
and the 100 Tomans features a rarer Kermanshah overprint.
These notes were collected with a high degree of difficulty
as part of Dr. Magid Al-Kimawis collection. In addition to
these issued notes, Dr. Al-Kimawi has given us several high
grade Iranian Specimens to offer in conjunction with these
pieces.
Zanzibar is one of those few places, that when mentioned,
always grabs the attention of collectors world wide. We are
offering the finest graded, uncancelled example of their 5
Rupees banknote from 1908. Only about 500 total pieces
in any denomination were said to have survived of the first
issued denominations. Fast forward nearly a century later,
that number has surely dwindled significantly.
We have two high valued specimen albums with assortments
of scarce specimens as well. One of which is a mixture of
South American specimens that are individually holdered
and placed into 3 prong sleeves. The other is a hardbound
leather book with a range of 36 Iranian specimens that once
belonged to a close advisor to the Shah. We anticipate a
spirited amount of bidding on each of these books, as they
offer a broad spectrum of collectability.
Other highlights worthy of mention are the fully original
uncirculated examples of the Rhino and Zebra notes from
Burundi. These are the finest ever offered in public auction
and the only uncirculated examples in original paper quality
that we have seen. An issued Qatar and Dubai 25 Riyals note
that is widely considered the most difficult of the series,
will also be available in this auction. In addition, we are
auctioning off some rare Specimen Proofs from the Bank of
France, as well as some replacements from the Philippines.
As mentioned earlier, words do not adequately express
our excitement over this offering. With all of the rarities
and never before seen pieces we are offering, we expect a
collector driven auction with a large attendance that will
make this sale a huge success. As always, we thank you for
your interest in our auction, and hope you will not hesitate
to reach out to us if you have any questions regarding the
lots offered here.
With Sincere Appreciation,
vi
The Prestigious Collection of Dr. Magid Al-Kimawi
Dr. Magid Al-Kimawi is a Pain
Medicine Specialist and a Paper
Money collector who grew up in
Jeddah, Saudi Arabia. Jeddah is the
second largest city in the Kingdom
of Saudi Arabia. As the main gate
for the pilgrims, he was exposed to
people from all around the world.
He started collecting from a young
age, roughly around middle school. Initially, he started
his collection with old Saudi Riyals and then leaned more
towards the Ottoman Liras. Eventually, his collection
expanded to include most of the Middle Eastern banknotes.
As the years passed, Dr. Al-Kimawi realized that his
excitement grew whenever he saw Imperial Bank of Persia
notes; knowing the rarity of high quality notes was an
obstacle and collecting them was a challenge. In turn, he
found this challenge to be a central component that fueled
his continued interest in collecting them.
Dr. Magid has felt fortunate to have found some of the
rarest Imperial Bank of Persia banknotes, especially the
100 and 50 Tomans, in issued form. Searching for those
highly rare notes took quite some time, money, and effort,
but was nevertheless strongly satisfying.
He is deeply excited to offer those notes to the public so
someone else may enjoy them like he has. Though it may
be tough to let go off, hes confident they will fall into the
right hands.
vii
Highlights from the January 2017 NYINC Auction
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Highlights from the January 2017 NYINC Auction
Lot 1241
Lot 1331
Lot 1405
Lot 1235
Order of Sale
Session A - World Paper Money
Thursday, January 12 - 1:00 PM ET
Lots 1001-1406
Category Lot Number
WORLD PAPER MONEY 1001 1406
AFGHANISTAN 1001-1002
ANDORRA 1003-1007
ARGENTINA 1008
AUSTRALIA 1009-1010
BAHAMAS 1011-1014
BAHRAIN 1015
BARBADOS 1016-1017
BELGIAN CONGO 1018-1020
BELGIUM 1021
BELIZE 1022-1025
BERMUDA 1026-1031
BOLIVIA 1032-1033
BRAZIL 1034-1035
BRITISH CARIBBEAN
TERRITORIES 1036-1040
BRITISH GUIANA 1041-1042
BRITISH HONDURAS 1043-1048
BRITISH WEST AFRICA 1049-1050
BULGARIA 1051
BURUNDI 1052-1054
CANADA 1055-1060
CANADA-NEWFOUNDLAND 1061
CEYLON 1062
CHILE 1063
CHINA-REPUBLIC 1064-1066
CHINA-PEOPLE’S REPUBLIC 1067
CHINA-PUPPET BANKS 1068
CHINA-PROVINCIAL BANKS 1069
COLOMBIA 1070-1071
COSTARICA 1072-1076
CUBA 1077-1078
CURACAO 1079-1080
CYPRUS 1081-1085
DANISH WEST INDIES 1086-1090
EAST CARIBBEAN STATES 1091
EGYPT 1092-1101
EL SALVADOR 1102
ETHIOPIA 1103-1105
FAEROE ISLANDS 1106-1108
FIJI 1109-1113
FINLAND 1114-1115
FRANCE 1116-1120
FRENCH EQUATORIAL AFRICA 1121
FRENCH GUIANA 1 122- 1 124
FRENCH INDIA 1125
FRENCH INDO-CHINA 1 126
FRENCH SOMALILAND 1 127- 1 129
FRENCH WEST AFRICA 1130-1131
GERMANY 1132-1133
GERMANY, FEDERAL REPUBLIC 1134-1139
GHANA 1140
GREAT BRITAIN 1 141-1144
GREECE 1145-1146
GUADELOUPE 1147-1150
GUATEMALA 1151
GUERNSEY 1152
GUINEA 1153-1154
HAITI 1155
ICELAND 1156-1157
INDIA 1158-1162
INDIA - PRINCELY STATES 1163
INDONESIA 1164
IRAN 1165-1200
IRAQ 1201-1205
IRELAND 1206
IRELAND, REPUBLIC 1207-1208
ISLE OF MAN 1209
ITALIAN SOMALILAND 1210-1211
ITALY 1212-1213
JAMAICA 1214
JAPAN 1215-1217
JORDAN 1218-1226
KUWAIT 1227-1231
LEBANON 1232-1235
LIBERIA 1236
LIBYA 1237-1241
MACAU 1242
MADAGASCAR 1243
MALAWI 1244
MALAYA 1245
MALAYA & BRITISH BORNEO 1246
MALAYSIA 1247-1252
MALDIVES 1253-1255
MALI 1256-1258
MEXICO 1259-1265
MONGOLIA 1266
MOROCCO 1267
MOZAMBIQUE 1268
NETHERLANDS 1269-1278
NETHERLANDS INDIES 1279-1280
NEW HEBRIDES 1281
NEW ZEALAND 1282-1284
NIGERIA 1285
OMAN 1286-1289
PALESTINE 1290-1291
PARAGUAY 1292
PHILIPPINES 1293-1311
POLAND 1312-1315
PORTUGAL 1316-1322
PORTUGUESE GUINEA 1323
PORTUGUESE INDIA 1324-1328
QATAR 1329
QATAR & DUBAI 1330- 1 33 1
REUNION 1332
RHODESIA 1333-1334
RHODESIA &NYASALAND 1335-1339
RUSSIA— U.S.S.R 1340-1341
RUSSIA-EAST SIBERIA 1342
SAAR 1343
SAARLAND 1344
SAUDI ARABIA 1345-1347
SCOTLAND 1348-1350
SEYCHELLES 1351-1354
SINGAPORE 1355-1357
SOMALIA 1358
SOMALILAND 1359
SOUTH AFRICA 1360
SOUTH AMERICA 1361
SOUTHERN RHODESIA 1362-1364
SOUTHWEST AFRICA 1365
SPAIN 1366
STRAITS SETTLEMENTS 1367
SUDAN 1368-1370
SWEDEN 1371
SWITZERLAND 1372-1373
SYRIA 1374-1381
THAILAND 1382
TRINIDAD & TOBAGO 1383
TURKEY 1384-1389
TURKS & CAICOS ISLANDS 1390
UNITED ARAB EMIRATES 1391-1397
URUGUAY 1398-1401
VIET NAM, SOUTH 1402- 1404
ZANZIBAR 1405
ZIMBABWE 1406
Session D - Internet Only
World Paper Money
Tuesday, January 17 - 9:00 AM PT
Lots 4001-4561
Category Lot Number
WORLD PAPER MONEY 4001-4561
AFGHANISTAN 4001-4006
ALGERIA 4007-4012
ANGOLA 4013-4017
ARGENTINA 4018-4019
AUSTRALIA 4020-4023
AUSTRIA 4024
BAHAMAS 4025-4030
BARBADOS 4031
BELGIAN CONGO 4032-4034
BELGIUM 4035
BERMUDA 4036-4046
BOLIVIA 4047-4051
BRAZIL 4052-4060
BRITISH CARIBBEAN
TERRITORIES 4061 -4064
BRITISH HONDURAS 4065-4072
BRITISH WEST AFRICA 4073-4075
BULGARIA 4076-4078
BURUNDI 4079-4081
CAMBODIA 4082
CANADA 4083-4101
CAPE VERDE 4102-4106
CAYMAN ISLANDS 4107-4108
CENTRAL AFRICAN REPUBLIC 4109-4110
CEYLON 4111
CHAD 4112
CHILE 4113
CHINA-REPUBLIC 4114-4115
CHINA-PEOPLE’S REPUBLIC 4116
CHINA-FOREIGN BANKS 4117-4119
CHINA-PROVINCIAL BANKS 4120
CHINA-MILITARY 4121
COLOMBIA 4122-4123
CONGO 4124-4125
COOK ISLANDS 4126
COSTARICA 4127-4138
CUBA 4139-4142
CURACAO 4143-4145
CYPRUS 4146-4150
CZECHOSLOVAKIA 4151
DENMARK 4152-4154
DJIBOUTI 4155-4156
DOMINICAN REPUBLIC 4157-4159
EAST AFRICA 4160-4161
EAST CARIBBEAN STATES 4162-4163
EGYPT 4164-4167
EL SALVADOR 4168-4169
EQUATORIAL GUINEA 4170
ESTONIA 4171-4172
ETHIOPIA 4173
EUROPEAN UNION 4174
FAEROE ISLANDS 4175-4178
FALKLAND ISLANDS 4179
FIJI 4180-4181
FINLAND 4182-4188
FRANCE 4189-4196
FRENCH ANTILLES 4197-4199
FRENCH EQUATORIAL AFRICA 4200-4202
FRENCH GUIANA 4203-4204
FRENCH INDIA 4205-4206
FRENCH INDO-CHINA 4207-4208
FRENCH SOMALILAND 4209-4211
FRENCH WEST AFRICA 4212-4217
GABON 4218
GAMBIA 4219
GERMANY 4220-4223
GERMANY, FEDERAL REPUBLIC 4224-4232
GHANA 4233
x
GREAT BRITAIN 4234-4238
GREECE 4239-4241
GREENLAND 4242-4244
GUATEMALA 4245-4246
GUERNSEY 4247-4248
HAITI 4249-4250
HONDURAS 4251
HUNGARY 4252
ICELAND 4253-4255
INDIA 4256-4264
INDONESIA 4265-4266
IRAN 4267-4293
IRAQ 4294-4303
IRELAND 4304
IRELAND, NORTHERN 4305-4307
IRELAND, REPUBLIC 4308-4312
ISLE OF MAN 4313-4314
ISRAEL 4315
ITALIAN STATES 4316
ITALY 4317-4323
JAMAICA 4324-4326
JAPAN 4327
JERSEY 4328
JORDAN 4329
KEELING COCOS 4330
KENYA 4331
KOREA, NORTH 4332
KUWAIT 4333
LEBANON 4334-4336
LIBYA 4337-4342
LITHUANIA 4343
MACAU 4344-4345
MADAGASCAR 4346
MALAWI 4347-4348
MALAYA 4349
MALAYA & BRITISH BORNEO 4350-4351
MALAYSIA 4352
MALDIVES 4353-4355
MALI 4356-4357
MALTA 4358-4359
MARTINIQUE 4360-4362
MAURITIUS 4363-4364
MEXICO 4365-4381
MONGOLIA 4382-4386
MOROCCO 4387-4388
MOZAMBIQUE 4389
MUSCAT AND OMAN 4390
NETHERLANDS 4391 -4394
NETHERLANDS ANTILLES 4395-4396
NETHERLANDS INDIES 4397
NEW HEBRIDES 4398-4400
NEW ZEALAND 4401-4408
NICARAGUA 4409-4410
NIGERIA 4411
NORWAY 4412
OMAN 4413
PAKISTAN 4414-4417
PARAGUAY 4418
PERU 4419-4420
PHILIPPINES 4421-4443
POLAND 4444-4447
PORTUGAL 4448-4451
PORTUGUESE INDIA 4452
PUERTO RICO 4453-4455
QATAR 4456-4461
QATAR & DUBAI 4462-4464
REUNION 4465
RHODESIA &NYAS ALAND 4466-4468
RUSSIA- RUSSIAN SOCIALIST
FEDERATED SOVIET REPUBLI 4469
RUSSIA- U.S.S.R 4470
RUSSIA-SOUTH RUSSIA 4471-4472
RUSSIA-TRANSCAUCASIA 4473
RUSSIA-EAST SIBERIA 4474
RWANDA- BURUNDI 4475
SAAR 4476
SAINT HELENA 4477
SAINT PIERRE & MIQUELON 4478-4479
SAINT THOMAS & PRINCE 4480
SARAWAK 4481-4482
SAUDI ARABIA 4483-4487
SCOTLAND 4488-4490
SEYCHELLES 4491
SIERRA LEONE 4492
SOMALIA 4493-4494
SOUTH AFRICA 4495-4497
SPAIN 4498-4500
STRAITS SETTLEMENTS 4501-4506
SUDAN 4507-4509
SWEDEN 4510-4516
SWITZERLAND 4517
SYRIA 4518-4521
THAILAND 4522-4523
TONGA 4524
TUNISIA 4525-4526
TURKEY 4527-4532
UGANDA 4533
UKRAINE 4534
UNITED ARAB EMIRATES 4535-4537
UNITED STATES 4538-4539
URUGUAY 4540
VENEZUELA 454 1 -4543
WEST AFRICAN STATES 4544-4548
WESTERN SAMOA 4549-4550
YUGOSLAVIA 4551
ZIMBABWE 4552
MIXED LOTS 4553-4561
Please refer to our other January
201 7 auction catalogs for a listing of
ancient and world coins .
View our entire auction schedule
online at StacksBowers.com.
Session A
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Lots 1001-1406
The January 2017 NYINC Auction
King Zahir High Denomination
AFGHANISTAN
1001 Bank of Afghanistan. 1000 Afghanis, ND (1939). P-27Acts. Color Trial Specimen. A Large Format high denomination Color Trial
with a portrait of King Zahir at center with a watermark of him at left. Red SPECIMEN overprints in the signature panel. A very pleasing
example in this condition of this rare note is not readily available. PMG mentions the note was previously mounted, a comment often
made on Color Trials as they were often mounted to display to officials. Absent from this piece are serial numbers and signatures.
Wonderful registration seen, with all pertinent detail fully in tact.
PMG Choice Uncirculated 63 $4000-$5000
1002 Bank of Afghanistan. 50, 100, 500, & 1000 Afghanis, ND (1961-63). P-42s to 46s. Specimens. 5 pieces in lot. King M. Zahir at left. Pick
42s, 43s and 45s seen in 66EPQ, 44s seen in 67EPQ and Pick 46s in 55EPQ. A difficult grouping to put together in these higher grades.
PMG Various Grades $1000-$ 1500
ANDORRA
1003 Spanish Civil War Issue. 1 Peseta, 1936. P-6. A very well centered Andorra Spanish Civil War issued note. Problem free Gem.
PMG Gem Uncirculated 66 EPQ $600-$1000
Page 2
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
ANGOLA
1004 El Banco Nacional Ultramarino. 10 Mil Reis, 1.3.1909.
P-34s. Specimen. This 10 Mil Reis Specimen is tied with
two others as the finest graded example at PMG. Loanda
overprint, with red seals. Portrait of Portuguese explorer
Vasco De Gama. The back of the note features an eccentric
guilloche design and a porthole like center with a women
sitting on an anchor, gazing out into the ocean, with a ship
in the background.
PMG Choice Uncirculated 64 $900-$ 1200
1005 El Banco Nacional Ultramarino. 20 Mil Reis, 1909.
P-35sp. Specimen Proof. Loanda. A stunning BWC
Specimen Proof obligating 20 Mil Reis roulette cancelled at
the signature panel. Large counterfoil seen at left. Printers
Annotations in the top margin as mentioned by PMG in
the comments section. They also mention the note has been
previously mounted.
Choice About Uncirculated 58 $700-$ 1000
1006 El Banco de Angola. 20 Angolares, 1944. P-79s. Specimen.
The first of this type we have handled in any form. This
TDLR Specimen is seen with beautiful detail, and striking
imagery. Portress at center, with Correia at right. The
Reconquest of Luanda is seen on the reverse. Previously
Mounted mentioned in the comments section.
PMG About Uncirculated 55 Net.
Previously Mounted $500-$750
1007 El Banco de Angola. 1000 Escudos, 1956 Issue. P-91.
The highest denomination of the series offered here. Brito
Capelo pictured at right with the Mabubas dam at center.
PMG About Uncirculated 55 $600-$ 1000
Bid online at www.stacksbowers.com
Page 3
The January 2017 NYINC Auction
ARGENTINA
1008 El Banco Central. 5 to 100 Pesos, ND (1935). P- Various. 11 pieces in lot. Includes: (2) 252a AU 50 EPQ Serial Number 6 AU 58; (1)
253s AU 58, (2) 254s AU 55 & AU 55 EPQ, (1) 255s AU 53 Net, (1) 265a AU 55, (2) 265s CU 64 Net, and AU 58 (2) 266s in PMG AU 58.
PMG Various Grades $1000-$ 1500
AUSTRALIA
1009 Commonwealth of Australia. 1/2 Sovereign, ND (1927). P-15c. Seldom seen in any state of preservation. 1/2 Sovereign counters on
each side of the note. Guilloche borders surrounding them. The note shows excellent detail for the grade. This is a great example for a
collector looking for the type at an affordable price point.
PCGS Fine 15 Apparent. Minor Rust Stains $700-$ 1000
1010 Commonwealth of Australia. 10 Shillings & 1 Pound, ND (1949). P-25c & 26c. 2 pieces in lot. A pairing of nice and original Australian
Commonwealth notes. 10 Shillings and 1 Pound. Both seen in PMG 40 EPQ.
PMG Extremely Fine 40 EPQ $200-$300
BAHAMAS
1011 The Bahamas Government. 1 Pound, 1919. P-4p. Face & Back Proofs. 2 pieces in lot. A pair of 1 Pound Proofs from the 1919 Bahamas
Government. Both pieces mounted on cardstock. Serial numbers and signatures are absent. Seldom are offerings of these types presented
in original paper condition. We expect spirited bidding on these items as Bahamas Proofs are always desirable to dealers and collectors
alike.
PCGS Very Choice New 64 PPQ & Gem New 64 PPQ $1200-$ 1800
Page 4
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
BAHAMAS
1012 Bahamas Government. 10 Dollars, 1965. P-22b. A scarce
issued note, as there are not many survivors of this issue
as there are of others. Queen Elizabeth II on the face, with
flamingos pictured on the reverse. Minor toning on the
bottom left mentioned for accuracy.
PCGS Extremely Fine 40 $1200-$ 1800
1013 Bahamas Monetary Authority. 10 Dollars, 1968. P-30a. A
rare issued note that is seldom offered in high grade. This
note catalogs for $3000 in the Krause book, which doesn’t
surprise as all Queen Elizabeth notes are desirable amongst
collectors. We believe this lot will see spirited bidding.
PMG Choice Uncirculated 64 EPQ $900-$1200
High Grade Bahamas
Specimen Offering
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1014 Central Bank of the Bahamas. 10 to 100 Dollars, 1974. P-38as to 41as. Specimens. 4 pieces in lot. A quartet of high grade gems all
seen in PCGS 67 with the exception of the 38as 10 dollar seen in 68. These notes are each found in the highest grades for their catalog
number when comparing these with the PMG population report. This grouping features 4 of some of the more popular designs in the
Bahamian catalog.
PCGS Superb Gem New 67 & 68 PPQ $4000-$5000
Bid online at www.stacksbowers.com
Page 5
The January 2017 NYINC Auction
BAHRAIN
1015 Monetary Agency. 100 Fils to 5 Dinars, 1964. P-la, 2a, 3a, 16, & 20b. 6 pieces in lot. A nice issued set from Bahrain. Pick la is
represented twice, once in 65 EPQ and once in 66 EPQ. Pick 2a seen in 64, Pick 3a and Pick 16 in 66EPQ, and Pick 20b in 53 EPQ.
PMG About Uncirculated 53 EPQ to Gem Uncirculated 66 EPQ $600-$ 1000
BARBADOS
1016 Government of Barbados. 2 Dollars, ND (1938-49).
P-3cts. Color Trial Specimen. A very scarce BWC design
seen here with a bright red BWC seal at the bottom, King
George at right and at left in the vignettes. Nice paper and
good embossing is seen. A printers annotation on the
reverse is found in the top left margin, but those incidental
markings are typical for the type. An offering not likely to
pop up again in the near future.
PMG Choice Uncirculated 64 $2000-$3000
1017 Barclays Bank. 100 Dollars, 1937-40. P-S113s. Specimen.
Specimen printed by BWC. This scarce design is one
which will surely grab collector attention. These higher
denomination notes are rare in issued form leaving most
collectors only utilizing these specimens for filling the gap.
Strong paper, nice centering and a pleasing BWC specimen
overprint. A very small annotation on the reverse mentioned
for accuracy.
PMG Choice Uncirculated 64 $2800-$3200
Page 6
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
&PMG
Belgian Congo
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BELGIAN CONGO
1018 Banque Congo du Beige. 500 Francs, ND (1927-37). P-18s. Specimen. This design is rare in issued from and very scarce as a specimen.
This note shows with all the detail the design could offer with lovely definition of the large guilloches at left and right center and intricate
border design. Large even margins frame the design nicely and well embossed original paper is noted. The reverse vignette of elephants
bathing looks tremendous and all we note are punch cancels through the signature panels.
PMG Gem Uncirculated 65 EPQ $2000-$3000
Belgian Congo Printer’s Model
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1019 Banque Congo de Beige. 10,000 Francs, 1942. P-20pm. Pick 20 for Type. A very unique piece, the first and likely the last for the type
that we have offered. This cataloger has only seen a Specimen example of this type prior to this Printers Model. This is a Waterlow
and Sons design for the 1942 series in the highest denomination of 10,000 Francs. This piece is hand drawn on a thicker than usual
paper, offering distinct detail as to what it would look like finished. PMG mentions Previously Mounted Hand Drawn Printer s Design
Proposal in the comments section.
PMG About Uncirculated 50 Net. Previously Mounted, Hand Drawn Printer’s Design Proposal $5000-$7500
Bid online at www.stacksbowers.com
Page 7
The January 2017 NYINC Auction
BELGIAN CONGO
1020 Banque Centrale du Congo Beige et du Ruanda-Urundi.
50 Francs, ND. P-Unlisted Printer’s Essay. A very
interesting and unique piece. A page of 50 Franc hand
drawn essay s that were never issued. They feature gorgeous
colors and designs with heavy detail. A Belgian Congo lot
that we expect heavy bidding on as it is likely that no other
examples of these designs are available.
About Uncirculated $900-$ 1200
BELGIUM
1021 Banque Nationale de Belgique. 1000 Francs, 1944.
P-1 15s. Specimen. This rare large format piece features an
intricate face design. 1000 Francs - 200 Belgas. Specimen
seen with tape on the left and back right of the note which is
mentioned by PMG as a netting defect. Otherwise, this is a
gorgeous note miraculously preserved.
PMG Uncirculated 62 Net. Tape $800-$ 1200
BELIZE
1022 Government of Belize. 2 Dollars, 1974-76. P-34ct. Color
Trial. The finest example of this very popular type we
have offered. Lovely lathe work seen at center with Queen
Elizabeth II at right. A Color Trial Specimen we expect to fit
nicely in any serious Belize collectors collection.
PCGS Superb Gem New 67 PPQ $600-$1000
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1023 Government of Belize. 5 Dollars, 1.1.1976. P-35b.
Punch through embossing on this very vibrant Belizean
banknote. Queen Elizabeth II at right. Beautiful symmetric
multicolored guilloche design on back. Above and beyond
the finest we have handled for the type.
PCGS Superb Gem New 67 PPQ $1000-$ 1500
1024 Monetary Authority of Belize. 100 Dollars, 1980. P-42. A
highly scarce 1980 dated $100 design and shown here in a
stunning Gem state of preservation. A note likely missing in
many collections this pleasing.
PMG Gem Uncirculated 65 EPQ $2000-$3000
1025 Central Bank of Belize. 100 Dollars, 1983. P-50a. A
technically outstanding note which shows with detailed inks
and lovely color. Scarce this nice and always in demand.
PMG Gem Uncirculated 66 EPQ $2000-$3000
BERMUDA
1026 British Administration. 5 Shillings, ND (1952-57).
P-18cts. Color Trial Specimen. Printed by BWC. A very
appealing Superb Gem Specimen version of this 5 Shillings
design shown in an attractive slate blue color in favor of the
issued brown inks. Above and beyond the finest example of
this note we have ever offered.
PMG Superb Gem Uncirculated 67 EPQ $1000-$2000
Page 8
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
BERMUDA
1027 British Administration. 1 Pound, 1952-66. P-20a, 20b, & 20d. 3 pieces in lot. Pick 20a seen in CU 64, Pick 20b seen in Gem 65 EPQ,
and Pick 20d also seen in Gem 65 EPQ.
PMG Choice Uncirculated 64 to Gem Uncirculated 65 EPQ $1100-$1200
Stunning Superb Gem Bermuda 10 Pound Note
1028 Bermuda Government. 10 Pounds, 28.7.1964. P-22. This issue is one of the rarest to come by in any condition. We have handled a
couple examples in XF and AU condition, but have not had the opportunity to offer an issued example in Uncirculated condition, let
alone a high grade Superb Gem in 67. The centering and registration on this piece is near perfect while retaining full originality. This is
the highest denomination of the series. We expect heavy bidding on this rare offering.
PCGS Superb Gem New 67 PPQ $10,000-$15,000
Bid online at www.stacksbowers.com
Page 9
The January 2017 NYINC Auction
BERMUDA
1029 British Administration. 10 Pounds, 1964. P-22. A highly
collectible example of the Bermuda 10 Pound note from
1964. Purple into mint green colorway featuring the Queen
to the right. 3-dimensional appearing guilloche design
scene on back. PMG mentioned pinholes and retouching.
PMG About Uncirculated 50 Net.
Pinholes, Retouched $1000-$1500
Serial Number 6
1030 Bermuda Monetary Authority. 1 Dollar, 1978-84. P-28b.
A high grade issued note of this popular QE II issue. Great
center, bold inks, and beautiful margins. Offered here in
low serial number 6.
PCGS Superb Gem New 67 PPQ $500-$1000
1031 Bermuda Monetary Authority. 50 Dollars, 1.5.1974.
P-32a. A popular design offer here in the much rarer date.
These 32as are exponentially rarer than the 32b dates, and
as such should almost have their own catalog number
altogether. Offered here in Very Fine condition.
PCGS Very Fine 30 $1500-$2000
BOLIVIA
1032 Banco Central de Venezuela. 20 Bolivares, ND (1987).
P-71bp. Back Proof. A Progressive Back Proof featuring
the 20 Bolivares Bicentennial Commemorative Issue design.
Seen with minor annotations, but none that detracts from
the collectability, as one could easily see past those mentions
and appreciate the note.
PMG Choice Uncirculated 64 $500-$ 1000
1033 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 24 pieces in lot. A Bolivian offering containing
Proofs, Specimens, and Issued Notes. Available within the
grouping are P-109s, 171, 103, 92, 107p, S231, 151, 147, 133,
138a, (3)140, 125, 124, 122, 121s, 120, 120s, 119, 118s, 112,
1 lOp. The notes range in condition from VF to Uncirculated
with the majority being the latter.
Various Grades $1000-$2000
Page 10
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
BRAZIL
1034 Republica Dos Estados Unidos Do Brasil. 1000 Mil Reis, 1926. P-109. E. 1A, Serie 3 A. By far one of the most sought after notes of
Brazil are these “Reverie” 1,000 Mil Reis notes. The large format and beautiful central portrait vignette combine with bold color and a
detailed back vignette of a mission scene. PMG mentions Rust in the comments section.
PMG Very Fine 30 Net. Rust $2000-$3000
1035 Banco do Brasil. 500 Mil Reis, 1923. P-122A. E. 1A, Serie
5A. A scarce offering seen with elaborate signatures in the
signature panels. Jose Bonifacio is seen at left. An intricate
ABNC design surely to please collectors.
PMG Very Fine 25 $1000-$2000
BRITISH CARIBBEAN TERRITORIES
1036 British Caribbean Territories Eastern Group. 1 Dollar,
1950-51. P-1. Vibrant red serving as the primary color
in this sorbet-like colorway. This note is seen with good
centering and registration that we can typically expect from
Gems. Sailing ship seen at center serving as the watermark.
A detailed design that features the provinces of the BCT on
the back in both crest and porthole vignettes.
PMG Gem Uncirculated 65 EPQ $1000-$2000
1037 British Caribbean Territories, Eastern Group. 5 Dollars,
1961-64. P-9c. An impeccable 5 Dollar design seen with
Queen Elizabeth II at right. A highly important offering.
The note is met with superior eye appeal and color while
retaining original paper and lovely overall detail. An
important opportunity for the collector of banknotes from
the British Commonwealth as these high grade problem free
examples are scarce.
PCGS Very Choice New 64 PPQ $1500-$2000
Bid online at www.stacksbowers.com
Page 1 1
The January 2017 NYINC Auction
BRITISH CARIBBEAN TERRITORIES
1038 British Caribbean Territories, Eastern Group. 10 Dollars,
3.1.1955. P-lOs. Specimen. Specimen printed by BWC.
This higher denomination note is a nice example for the
type. Vivid brown inks making up the design and wondrous
centering and margins. Seen with a QEII watermark.
PMG Choice About Uncirculated 58 $1200-$ 1600
1039 British Caribbean Territories, Eastern Group. 2 Dollars,
1957. P-1 lbs. Specimen. Decent centering seen. Queen
Elizabeth II at right. This note also shows great embossing
that can be detectable through the holder. PCGS Banknote
Grading mentions there is a BWC Ink Annotation on this
otherwise problem free note.
PCGSBG Choice Uncirculated 64 $900-$ 1200
1040 British Caribbean Territories, Eastern Group. 1 to 100 Dollars, 1953-64. P-7p to 12p. Proofs. 6 pieces in lot. The following
denominations of these Back Proofs are found in this grouping; $1, $2, $5, $10, $20, and $100. Minor Mounting adhesive seen on the
back right. Pick numbers 7p, 8p, 9p, lOp, lip, and 12p.
About Uncirculated $2500-$3000
BRITISH GUIANA
1041 British Administration. 2 Dollars, 1942. P-1 3c. A rare denomination in any grade, this note is one of just two graded by PMG at this
level with none finer. Neither the b or c types are seen at this level either in the PMG reports making this the finest PMG graded for the
design type. Deep green color with purple and yellow under-prints with Kaieteur Falls at center. KGVI at back center in bowtie styling
with counters at left and right.
PMG Choice Very Fine 35 $1000-$2000
Page 12
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
BRITISH GUIANA
1042 Government of British Guiana. 5 Dollars, 1942. P-14a.
The note retains all the appeal expected for the grade level
with nice detail of the vignette of Kaieteur Falls at center.
Some toning and edge splits mentioned for accuracy.
Fine $500-$1000
BRITISH HONDURAS
1043 Government of British Honduras. 1 Dollar, 1939-42.
P-20. Nice centering seen on this popular 1 Dollar issue.
Deep cool tones seen in the color way of this BWC design. A
few folds prevent a higher grade, but the note is still a great
example for the type.
PMG Choice Very Fine 35 $600-$ 1000
1044 Government of British Honduras. 1 Dollar, 1939-42. P-20.
A scarce early issue 1 Dollar note from British Honduras.
King George seen at right. A Block. Normal wear and tear
for the grade with no major netting defects.
PMG Choice Fine 15 $600-$1000
1045 Government of British Honduras. 2 Dollars, 1939-42.
P-2 lets. Color Trial Specimen. Well centered note seen
with an array of vibrant colors and bold inks. Red BWC
specimen seal at the bottom right. Red overprints in top
margins. It appears that some minor remnants and a
Printer s Annotation are the only two causes for mention.
PMG Choice Uncirculated 64 $1000-$ 1500
1046 Government of British Honduras. 5 Dollars, 1960-65.
P-30b. Bright red inks illuminate the portrait of Queen
Elizabeth II and original paper is seen through the
encapsulation surface. Any of these pieces found with an
perfect paper quality designation is desirable.
PCGS Extremely Fine 45 PPQ $600-$ 1000
1047 Government of British Honduras. 5 Dollars, 1.1.1973.
P-30c. A flawless Superb Gem Queen Elizabeth II example
seen with vibrant orange and red hues. A portrait of Queen
Elizabeth at right. Excellent registration in addition to
punch through embossing. Scarcely available in this high of
a grade.
PCGS Superb Gem New 67 PPQ $700-$1000
Bid online at www.stacksbowers.com
Page 13
The January 2017 NYINC Auction
BRITISH HONDURAS
1048 Republica de Honduras. 1 Lempira to 100 Lempiras, 1937. P-S162 to S165B. Face Proofs. 6 pieces in lot. A grouping of black and
white unicolor Face Proofs from the Republic de Honduras in British Honduras from the American Bank Note Company. Each note is
individually mounted on to a piece of card stock with the selvage being cut in the shape of a cornice.
Uncirculated $700-$ 1000
BRITISH WEST AFRICA
1049 West African Currency Board. 1 Shilling, 1918. P-1 a. This
smaller format change note shows with a strong impression
of the basic design. Seen in original paper quality which is
extremely difficult to find in these early issues.
PCGS Choice New 63 PPQ $800-$1200
1050 West African Currency Board. 100 Shillings, 1953. P-1 la.
This problem-free Waterlow & Sons design is seen with
bold inks. The gradient color way on the face of the note
resembles a sunset with the color of the sun finding its way
onto the water in the landscape. The back features a unicolor
blue design with allegorical figures seen doing work in the
field.
PMG Gem Uncirculated 65 EPQ $2000-$3000
BULGARIA
1051 B’Lgarska Narodna Banka. 200 to 5000 Leva, 1929.
P-50s to 54s. Specimens. 5 pieces in lot. A very rare 1929
Specimen set from the National Bank of Bulgaria. Seen here
with severe glue marks and mounting remnants, but each
notes design is still visible in its entirety. Some printers
annotations on a few of the notes and blue TDLR stamps
at bottom left. Punch cancelled at the signature panels.
Boris III at right on each note. Paper thins on the reverse of
several.
Choice Extremely Fine $3000-$4000
Page 14
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Coveted Burundi Rhino in Gem
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CINO CENTS FRANCS
BURUNDI
1052 Banque Du Royaume Du Burundi. 500 Francs, 1960-61. P-6. This scarce high denomination note seldom is available in any state and
when so, it typically falls in the Fine or worse range. The Gem 65 PPQ presented here is above and beyond exception to the norm and is
without question the finest we have offered. Rhino pictured at center. Strong “BURUNDI” overprint and free from any netting defects.
A glance at the PMG Population report shows that they have not graded an issued version of this note, removing any doubt that this is
likely the finest known available for the type.
PCGS Gem New 65 PPQ $10,000-$12,000
Bid online at www.stacksbowers.com
Page 15
The January 2017 NYINC Auction
Burundi’s Zebra in Gem
BANQUE D EMI SSION D U RWANDA ET DU BURUNDI U
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Burundi — Banque du Royaume, Provisional Issue
1000 Francs 31.7.1962 (1964)
SCWPM# 7
Serial 9A396806
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BURUNDI
1053 Banque Du Royaume Du Burundi. 1000 Francs, 31.7.1962. P-7. This “Zebra” note from Burundi is the highest denomination for the
series. PMG has seen three with the finest being a 64 without the coveted EPQ designation, which leaves this note as being the finest
graded and offered in public auction. A side portrait of a Zebra is seen at right with a bold black “BURUNDI” overprint place diagonally
at center. Detailed lathe work seen in the borders with a guilloche design throughout the central areas of the note. The combination of
this lot, and the lot prior to it, are certain to be missing from even the most advanced collections in any form, but especially so anywhere
near the realm of this condition.
PCGS Gem New 65 PPQ $10,000-$12,000
Page 16
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Scarce Issued Burundi Set
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CINQ CENTS FRANCS
05-12-64 A239397
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BURUNDI
1054 Banque De La Republique Du Burundi. 20 to 1000 Francs, 1966. P-15 to 19. This very rare offering is special for numerous reasons,
beginning with the degree of difficulty in finding any of the majority of these pieces by themselves, yet alone in an Uncirculated group
offering. The notes also feature blacked out overprints replacing “Banque Du Royaume” with “De La Republique.” These provisional
issues were the last to feature this design before being redesigned in 1968. All of the originality is still present on each piece with all of
these pieces seeming to be in pack fresh condition featuring very impressive embossing for not being kept in a certified holder.
Choice Uncirculated $6000-$8000
CANADA
1055 The Mechanics Bank. 10 Dollars, 1872. (4301010). A
scarce 1872, Mechanics Banknote from Montreal. One plate
printed signature, and one hand drawn. PMG mentions
splits in the comments section.
PMG Fine 12 $1200-$1600
1057 Banque Du Canada. 20, 1935. P-BC-10. French title. The
famous “Princess” note and among the most desirable
denominations for this appealing 1935 series. Osborne/
Towers signature combinations. Printed by the CBNC. Very
minor edge tears mentioned for accuracy on this appealing
piece.
PMG Choice Very Fine 35 $3500-$4500
1056 Bank of Upper Canada. 1 Dollar, 1861. (770220602a).
Goderich. A scarce issued note that we have not yet offered.
Hand drawn signature at the bottom. Red “Goderich” Town
overprint. Allegorical figures at left and right.
PMG Very Fine 20 $2000-$3000
Bid online at www.stacksbowers.com
Page 17
The January 2017 NYINC Auction
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CANADA
1058 Bank of Canada. 50 Dollars, 1937. P-BC-26b.
A denomination that is scarce in these Choice Uncirculated
grades and this pack fresh offering exhibits strong color and
deeply embossed overprints. Excellent centering ushers this
note into the realm of a Gem designation.
PCGS Gem New 66 PPQ $2000-$3000
1059 Bank of Canada. 100 Dollars, 1937. P-BC-27b. One of
the finest examples of this $100 Sir John A. MacDonald
design type we have handled, with strong original paper and
pleasing centering and margins. Certainly a note that will fit
into any Gem collection of small size Canadian notes.
PCGS Gem New 66 PPQ $1500-$2000
Appealing Banque Nationale
Specimen Set
1060 Banque Nationale. 5 to 100 Dollars, 2.11.1922. P-S871s
to S875s. Specimens. 5 pieces in set. “Specimen” overprints
and perforations. A bright and attractive set of these
Quebec City notes with each exhibiting their designs with
the utmost detail. Graded as follows; 5 Dollar: Choice
Uncirculated 63; 10 Dollar: Gem Uncirculated 65 EPQ; 20
Dollar: Uncirculated 62; $50: Gem Uncirculated 65 EPQ;
100 Dollar: Gem Uncirculated 66 EPQ.
PMG Uncirculated 62 to
Gem Uncirculated 66 EPQ $2000-$3000
CANADA-NEWFOUNDLAND
1061 Newfoundland Government Cash Note. 50 Cents, 1903.
P-3s. Specimen. A rare Specimen piece. Scarce in any form.
Punch cancelled at the signature panels. Red overprints for
the date, serial numbers, and specimen designation. This
note is seen with great margins, and natural embossing.
PCGS Gem New 66 PPQ $1000-$2000
Page 18
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
CEYLON
1062 Central Bank of Ceylon. 100 Rupees, ND (1952-52).
P-53cts. Color Trial Specimen. A very rare offering with
exceptional margins, color, and problem-free paper. Queen
Elizabeth II at left. Lion watermark at right. Two topless
women with jewelry on their arms and necks on the back.
Punch Cancelled at the signature panels.
PCGS Gem New 66 PPQ $1000-$1500
CHILE
1063 Republica de Chile. 500 Pesos, 1912-17. P-27s. Specimen.
The first of this high denomination design from the
American Bank Note Company that we have offered.
Complete counterfoil in the left margin. Nice centering with
complete originality.
PMG Gem Uncirculated 65 EPQ $1500-$2000
CHINA— REPUBLIC
1064 China & South Sea Bank. 1 Yuan, 1927 Shanghai. P-A126a. (S/M#C295-20a) Shanghai branch. This highly popular type is one that
always grabs collector attention. Seen with three female busts at upper center and Yuan Shi Kai dollar coin below. Light circulation. A
well preserved Waterlow & Sons designed issued note.
PCGS About New 53 $3000-$5000
Bid online at www.stacksbowers.com
Page 19
The January 2017 NYINC Auction
CHINA— REPUBLIC
1065 Bank of China. 5 Dollars, 1912. P-26r. Remainder. (S/M#C294-31r) Yunnan. A remarkable piece that shows here in lightly circulated
condition. Strong color and detail throughout with additional square overprinted seal at lower center.
PMG About Uncirculated 55 $1000-$2000
1066 Bank of Communications. 50 Yuan, 1941. P-161s. Specimens. (S/M#C126-261) 2 pieces in lot. “Specimen” overprints, serial numbers,
and punch cancels. Technically superior examples of this design. This lot represents 2 of 13 uncirculated notes PMG has graded.
PMG Choice Uncirculated 64 EPQ $1500-$2250
CHINA— PEOPLE’S REPUBLIC
1067 People’s Bank of China. 10,000 Yuan, 1949. P-854a. (S/M#C282-66) Without watermark. A scarce design in these Choice Uncirculated
grades.
PMG Choice Uncirculated 64 $700-$ 1000
CHINA— PUPPET BANKS
1068 Central Reserve Bank of China. 100,000 Yuan, 1945. P-J43a. (S/M#C297-95) A difficult high denomination design with this piece
showing only light circulation. Pleasing detail seen throughout.
PMG About Uncirculated 53 $900-$ 1200
Page 20
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
CHINA— PROVINCIAL BANKS
1069 Fu Ching Bank of Shensi. 5 Yuan, 1922. P-S2600A. A scarcer Provincial Note in high grade seen with black and red overprints. The
back design features a vibrant colored design with guilloche counter protectors seen directly right and left of center.
PMG Choice Uncirculated 64 Net. Closed Pinholes $500-$ 1000
General Herrera Uncut Sheet
COLOMBIA
1070 Estado Soberano de Panama. 1-2-3-10 Pesos, ND. P-S186 to SI 89. A simply stunning opportunity for the advanced collector to
secure an item which is likely unique as an unsigned, undated, and uncut sheet. This magnificent piece shows all four denominations
for the issue uncut with each having lovely clarity of their respective designs and sharp penned details. Wonderfully bright protectors
adorn each at lower center with the three lesser denominations shown spelled out with the 10 Pesos note seen having a ‘10’ in vibrant
red inks. All share the same central vignette and portrait of Gen. T. Herrera. Some stray holes are noticed throughout the sheet with the
most offensive being just left of the center vignette of the 2 Peso note. Some edge tears and repairs are also noticed around the margins
with the largest affected area at the bottom. It is easier to see where these are located by turning the sheet over. Typically the 3 Pesos note
is the most frequented with the other denominations seldom being sighted. All notes are absent of a Francisco signature typically seen.
A highly important item which will surely be a cornerstone in any collection of Colombian or Panamanian banknotes.
Very Fine $15,000-$20,000
Bid online at www.stacksbowers.com
Page 21
The January 2017 NYINC Auction
COLOMBIA
1071 El Banco de Bogota. 10 Pesos, ND. P-S299p. Proof. Nice centering offered on this uniface, unicolor Proof from the Bank of Bogota.
This specialized type has punch cancellations in the signature panel. Intricate lathe work seen in the borders.
Choice Uncirculated $600-$ 1000
Stunning Mona Lisa Specimen
COSTA RICA
1072 Banco International de Costa Rica. 2 Colones, 1931-36. P-167s. Specimen. Specimen number 524. A stunning Specimen printed
by W&S in black and multicolored. The note is fully Uncirculated and shows with a definitive black tone in the bordering design, as
opposed to the issued brown inks for the design. Strong color of the multicolored under-prints and guilloche add nice contrast. The Ox-
cart vignette on the back shows in a green hue in favor of the typical black inks.
PMG Uncirculated 62 $1500-$2000
Page 22
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
COSTA RICA
1073 Banco Internacional de Costa Rica. 5 to 20 Colones, 1919-36. P-174s to 176s. Specimens. 6 pieces in lot. Pick 174s through 176s
represented in this lot with 2 examples for each type. Each piece seen in Choice AU condition or better. Red “SPECIMEN” overprints.
Choice About Uncirculated $1500-$2000
1074 Banco Internacional De Costa Rica. 10 Colones, 1935.
P-181. Another scarce Costa Rican note, this one being in
issued form. Toning and staining is seen, but that is to be
expected in this grade. This piece still retains its pertinent
detail and displays pleasing eye appeal.
Choice Fine $1000-$2000
1075 El Banco Comercial de Costa Rica. 5 Colones, 1.12.1906.
P-S141s. Specimen. Striking detail with bold inks and
vibrant color seen on this scarce 5 Colones Specimen. This
Waterlow & Sons design features a blue seal with their
name, specimen, and cancelled all written within its design.
Bright red “SPECIMEN” overprints, deep red “No Value”
overprints. Both miniature and oversize punch cancellations
seen.
PCGS Gem New 65 PPQ $800-$1200
1076 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 13 pieces in lot. A breakdown of the notes
offered in this lot are as follows; P-1 56s, 148s, 147s, (2)
143s, 173s, 166s, 157s, 158s, S1215, S122s, S123s, S124s. The
regular issues are from the Banco International of Costa
Rica, while the Specialized Issues are from El Banco Anglo
Costarricense. Most pieces seen in Uncirculated condition
while some of the specialized issues show some toning.
Typical staple holes also present on a few pieces. A special
booklet from El Banco Anglo Costarricense is included with
the lot.
Various Grades $1000-$2000
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CUBA
1077 La Republica de Cuba. 10 Pesos, 1869. P-63. Series Z.
Uniface. This 1869 10 Pesos note from Cuba offers nice
detail for the conservative grade. Stamp signed in 3 places.
Red seal in bottom left.
Choice Very Fine $1000-$2000
Bid online at www.stacksbowers.com
Page 23
The January 2017 NYINC Auction
CUBA
1078 La Republica de Cuba. 100, 500, & 1000 Pesos, 1869. P-Unlisted. 3 pieces in lot. Unicolor Interest Bonds offered here with hand signed
signatures. Translations to English can be seen on the reverse of each piece. The 500 Pesos piece is split in half, but that can be expected
for large size bonds this old.
Very Fine $400-$600
CURACAO
1079 Curacaosche Bank. 2 1/2 Gulden, 1918-20. P-7Ca. Extremely rare in issued non-remainder form and seldom seen issued with hand
drawn signatures. While the grade is often reserved for notes usually without the presence of vital detail, this example retains all relevant
detail and desirable features.
PCGS Fine 12 $800-$1200
1080 Muntbiljet. 1, 2 1/2, 5, 10, & 25 Gulden, 1942-47. P-25, 26, 27, 35, & 36. 6 pieces in lot. An assortment of Curacao Proofs mounted onto
cardstock. Each piece contains embossing through the back of the cardstock. Observed Pick numbers are 25, 26, 27, (2) 35, & 36.
Uncirculated $750-$ 1250
Page 24
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Rare 5 Shillings Cyprus Specimen
CYPRUS
1081 Government of Cyprus. 5 Shillings, 1914. P-3s. Specimen. A very rare Specimen that we have never had the opportunity to offer.
According to the PMG Population Report, they have only graded this piece. It was given an Uncirculated grade, but netted for being
previously mounted which can be expected on Specimens, specifically the earlier versions that were presented to officials. The other
netting defect mentioned is the faded print. That said, this note has very bold black overprints for the date, signature, serial number, and
the world “SPECIMEN.” written diagonally across the center of the note. The design of the actual note can still be seen, but is fairly faint
and does not display the vibrant blue hues typically found on the issued version.
PMG Choice Uncirculated 64 Net. Previously Mounted, Faded Print $10,000-$15,000
Bid online at www.stacksbowers.com
Page 25
The January 2017 NYINC Auction
CYPRUS
1082 Government of Cyprus. 5 Pounds, 1955-60. P-36a. A regal medium format note seen here with just two faint folds. We are unable to
determine why the note didn’t receive an EPQ designation through the holder.
PMG About Uncirculated 55 $1000-$ 1500
Serial Number 14
1083 Republic. 250 Mils, 500 Mils, & 1 Pound, 1961. P-37a, 38a, & 39a. 3 pieces in lot. This BWC designed trio of Cypriot notes is always
desirable, especially so in the high grade problem-free condition here before you. An added bonus is present for the uniquely A/1 Prefix
with the low serial number of 14 seen on each piece. 38a in 64 EPQ, and 37a and 39a both seen in 66 EPQ.
PMG Choice Uncirculated 64 EPQ to Gem Uncirculated 66 EPQ $1500-$2000
Page 26
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Serial Number 7
CYPRUS
1084 Central Bank of Cyprus. 250 Mils, 1975-82. P-41c. A well
centered 250 Mils note seen here in a desirable gem holder,
but more importantly seen with the coveted lucky number
7 serial number.
PMG Gem Uncirculated 65 EPQ $600-$ 1000
1085 Central Bank of Cyprus. 250 Mils to 5 Pounds, 1966. P-4 Is
to 44s. Specimens. 4 pieces in lot. A quartet of Specimens
featuring the 1966 Specimen set ranging in denominations
of 250 Mils to 5 Pounds from Cyprus. Perforated cancelled at
the bottom of each piece. Some minor foxing, and handling
typical of older specimens. A very rare offering as these sets
are difficult to piece together.
About Uncirculated $1000-$ 1500
Rare Uncirculated
DWI State Treasury Note
DANISH WEST INDIES
1086 State Treasury. 50 Dalere, 1849. P-5. An absolute rarity
and a note that is the second highest denomination from
this overall highly rare law of 4.4.1849 series. A significant
offering and one that will likely not be replicated in the near
future in this high of a grade. Even though the majority of
these examples are remainders, this is one of few issued
notes that have survived. Coat of arms flanked by Greek
allegorical figures at bottom. This is the finest issued
example offered in public auction.
PMG Choice Uncirculated 63 EPQ $1500-$2250
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Bid online at www.stacksbowers.com
Page 27
The January 2017 NYINC Auction
BWC Danish West Indies 5 Francs
DANISH WEST INDIES
1087 National Bank of the Danish West Indies. 5 Francs, 1905. P-17. This extremely important offering marks the finest we have offered
for this scarce and highly desirable issuer. These notes are typically only seen in lower grades with notes of Very Fine quality or better
being quite scarce. This About Uncirculated note certainly is one of perhaps just a few to have seen only trivial circulation. Exceptional
detail of the BWC styling remains throughout with appeal typically only reserved for specimen notes illustrated here. Close inspections
shows just a vertical fold at center and a few corner tip folds and we cannot determine when looking through the holder as to where the
retouching is that PMG mentions. After the sinking of the Lusitania, the acquisition of the D.W.I from Denmark became a focal foreign
policy for the United States to prevent the Germans from using it as a naval base. The Danish West Indies are became the US Virgin
Islands after they were purchased for 25 Million in 1917.
PMG About Uncirculated 50 Net. Retouched $6000-$8000
From the Yuri Solovey Collection.
1088 National Bank of the Danish West Indies. 5 Francs, 1905. P-1 7s. Specimen. Stunning and well centered 1905 Specimen. BWC Ink
annotation mentioned in the comments section. Portrait at right, with palm tree at left. Perforated specimen at bottom.
PCGSBG 64 OPQ $2000-$3000
From the Yuri Solovey Collection.
Page 28
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Striking Danish West Indies 10 Francs
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PMG
DANISH WEST INDIES
1089 National Bank of the Danish West Indies. 10 Francs, 1905. P-1 8a. This is one of the more pleasing notes of this highly scarce
catalog number we have offered that shows with exceptional blue and red under-prints and sharp detail of the primary design. Hand
accomplished signature at the lower right, palm tree left and village at right. Central portrait vignette of King Christian IX. Printed by
the Bradbury Wilkinson Company.
PMG Very Fine 25 $6000-$8000
From the Yuri Solovey Collection.
Stunning DWI Specimen
1090 National Bank of the Danish West Indies. 100 Francs, 1905. P-20s. Specimen. This gorgeous Danish West Indies Specimen features
a multicolored colorway. In the 1905 series, this is the highest denomination issued. Bright sky blues, and a vibrant yellow hue are used
to highlight the denomination at the bottom of the note. At left, the vignette is a portrait of King Christian IX. Landscape of the city at
center. Palm Tree at right. Perforated Cancelled.
PCGS Very Choice New 64 $6000-$8000
From the Yuri Solovey Collection.
Bid online at www.stacksbowers.com
Page 29
The January 2017 NYINC Auction
EAST CARIBBEAN STATES
1091 East Caribbean Currency Authority. 100 Dollars, ND
(1965). P-1 6s. Specimen. An always desirable issue, shown
here in Specimen form. Punch cancelled at each signature
panel. Red oval TDLR overprints on the top left and bottom
right corner of each side. PCGS mentions Minor Mounting
Remnants on Back at Right.
PCGS Very Choice New 64 Apparent.
Minor Mounting Remnants on
Back at Right $1200-$1500
EGYPT
1092 National Bank of Egypt. 50 Piastres, 1914-20. P-11. All
Egyptian currency dated prior to 1920 is scarce to rare and
this 50 Piastres note is no exception. Terrific BWC styling
and with just a few small problems such as the Small Edge
Split at Bottom Center.
PCGS Fine 12 Apparent. Small Edge
Split at Bottom Center. $800-$ 1000
1093 National Bank of Egypt. 50 Pounds, 1942-45. P-1 5c. An
incredible BWC design which shows a lovely large format
with intricate detail throughout the entire note. Quite
appealing for the grade with little circulation and nice
appeal. A few minor repairs are mentioned as written on the
comments section of the holder.
PMG Very Fine 30 $1500-$2000
Page 30
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Magnificent BWC National Bank of Egypt
100 Pounds Design
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EGYPT
1094 National Bank of Egypt. 100 Pounds, 6.9.1913. P-16s. Specimen. Specimen serial numbers and small “CANCELLED” perforation.
This large format design produced by Bradbury Wilkinson & Company would most certainly rank among the most beautiful banknote
designs produced. A purple primary design incorporating intricate lathe styling and central vignette of a Citadel and mosque of
Mohammed Ali at center. Multicolored guilloche at left and right and spanning the upper center. Yellow, red, and green under-printed
color. Back design again in purple with “100” counters at left and right, and floral styling at center with framed under-printed design
in multicolor. We have a hard time justifying the Very Fine grade by PMG as the circulation is incredibly faint. A note that will be a
cornerstone in even the most advanced collection.
PMG Choice Very Fine 35 Net. Previously Mounted $7000-$9000
Bid online at www.stacksbowers.com
Page 31
The January 2017 NYINC Auction
EGYPT
1095 National Bank of Egypt. 100 Pounds, 1936. P-1 7c. This
lovely large format 100 Pounds note shows the signature
of Cook and exhibits nice appeal. Vivid color and a precise
impression allow for great contrast and nice centering
and margins add to the look. Restoration and annotations
mentioned by PMG.
PMG Very Fine 30 Net. Restoration,
Annotation $1500-$2000
1096 National Bank of Egypt. 50 Piastres, 1951. P-21e. A
near gem example of this 50 Piastres design. A design
seldom available in auction with an uncirculated state of
preservation, especially in this variety.
PCGS Very Choice New 64 PPQ $600-$ 1000
1097 National Bank of Egypt. 1 Pound, 1950. P-24a. Scarce this
pleasing and underrated as such. Only hints of circulation
with strong color and detail throughout.
PMG Choice About Uncirculated 58 $600-$ 1000
1098 National Bank of Egypt. 50 Pounds, 16.5.1951. P-26b. A
scarce issued note typically seen much more problematic
than the example before you. Handling and toning typical to
the Fine grade with PCGS mentioning Mounting Remnants
in the comments section of the holder.
PCGS Fine 15 Apparent.
Mounting Remnants $750-$ 1000
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1099 National Bank of Egypt. 100 Pounds, 16.5.1951. P-27b.
An underrated note and the highest denomination for the
series. The large format BWC design is quite striking with
deep purple inks making up the bordering design and green
inks utilized at the left vignette and portrait vignette of King
Farouk at right. Mostly even wear with PMG mentioning
Small Rust Stains; Minor ink Marks on Back; Small Repairs.
PCGS Very Fine 25 Apparent.
Small Rust Stains; Minor ink
Marks on Back; Small Repairs $1500-$2000
1100 Central Bank of Egypt. 5 Pounds, ND (1961-64). P-39sp.
Specimen Proof. Perforated cancellations seen in the
signature panels. A medium format design on this Specimen
Proof. PMG mentions Pinholes in the comments section of
the holder.
PMG About Uncirculated 53 Net.
Pinholes $1200-$1800
Page 32
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
EGYPT
1101 Egyptian Government. 10 Piastres, ND (1916-17).
P-1 60s. Specimen. Perforated Cancelled. This TDLR design
is seen with a few folds that account for the grade, but it still
retains pleasing originality that is typically absent below XF
condition.
EL SALVADOR
1102 El Banco Central de Reserva de El Salvador. 1 Colon,
1980s. P-1 1pp. Progressive Proofs. 6 pieces in lot.
Progressive Proofs and tints for Pick 11, a 1 Colon from El
Salvador. Seen with the annotations one should expect on
proofs, and also displaying remarkable color.
Uncirculated $1000-$ 1500
ETHIOPIA
1103 Bank of Ethiopia. 10 Dollars, 1861. P-9. A wonderful and
popular design with an image of a lion pictured at center. A
gradient orange, green, and purple design on the reverse.
This highly desirable piece is not often found in this state of
preservation. A piece we expect to see spirited bidding on.
PMG Gem Uncirculated 65 EPQ $1500-$2000
1104 Bank of Ethiopia. 100 Thalers, 1932-33. P-10. This
early Thalers series is one of the most beautiful series of
banknotes ever produced by BWC with all denominations
showing detailed wildlife scenes. This 100 Thaler exhibits
an Elephant at right. Some pinholes are observed and
mentioned by PMG in the comments section of the holder.
PMG Choice Fine 15 $600-$1000
Bid online at www.stacksbowers.com
Page 33
The January 2017 NYINC Auction
Exquisite Ethiopia 500 Thalers
ETHIOPIA
1105 Bank of Ethiopia. 500 Thalers, 1932-33. P-11. One of the most popular series within collectible banknotes as this BWC design shows
the superior artistic talent employed by the banknote company. The large format allowed for incredible detail with the vignette of a
warrior standing at left observed boxed within an ornate frame. Lion at upper center with bank name within scroll style engraving. Large
multicolored guilloche at center and bank building at right. A geometrically intense back design is seen with a near border to border
under-print with denomination and bank name repeated. The appeal of an EF piece is largely present and it seems just one too many faint
folds prevent an AU grade.
PMG Choice Extremely Fine 45 $3000-$5000
FAEROE ISLANDS
1106 World War II Issue. 5 Dollars, 1861. P-2. A red Faeroe
Islands overprint is seen diagonally on this P-31 Denmark
10 Kroner design on this World War II issue.
PMG Gem Uncirculated 65 EPQ $800-$ 1200
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1108 Danish Administration. 100 Kroner, 1940. P-12r.
Remainder. Without overprints and typically only available
as such. Striking color and detail throughout. Certainly a
type that is quite elusive and does not appear often enough
to satisfy collector demand. Well centered. PMG mentions
Previously Mounted in the comments section of the holder.
PMG Choice Uncirculated 64 Net.
Previously Mounted $1000-$ 1500
From the Yuri Solovey Collection.
1107 Danish Administration. 100 Kroner, 1940. P-1 2s.
Specimen. Specimen overprints and punch cancellations.
Without serial numbers. A scarce 100 Kroner design that
is Gem quality throughout. Seldom available as such and
likely to create strong interest from collectors.
PMG Gem Uncirculated 65 EPQ $1200-$ 1800
Page 34
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Stunning Fiji Gem
FIJI
1109 Government of Fiji. 10 Shillings, 1951. P-38k. Quite
scarce in these Uncirculated grades and even more so with
pleasing original paper as a Superb Gem. Nicely embossed
overprints and portions of the design are seen through the
encapsulation surface. Above and beyond the finest we have
handled, and likely the nicest we will for the foreseeable
future.
PCGS Superb Gem New 67 PPQ $1500-$2000
1110 Government of Fiji. 10 Shillings, 1951. P-38k. A lovely
medium format piece and offered here in uncirculated
condition. Nice embossing throughout.
PMG Choice Uncirculated 64 $1000-$ 1500
1111 Government of Fiji. 1 Pound, 1965. P-53g. A stunning raw
example of this Queen Elizabeth II design. Scarce in such
good condition. Broad margins. PMG mentions pinholes,
and internal tear in the comments section.
PMG About Uncirculated 55 $600-$ 1000
1112 Government of Fiji. 5 Pounds, 1967. P-54f. A nice
example of this Queen Elizabeth II 5 Pound note from Fiji.
Purple underprints with even margins. Some rust seen as
mentioned by PMG in the comments section of the holder.
Still retains detail and remains a great example of the type.
PMG Very Fine 30 Net. Rust $600-$1000
Bid online at www.stacksbowers.com
Page 35
The January 2017 NYINC Auction
FIJI
1113 Reserve Bank of Fiji. 50 Dollars, ND (1996). P-lOOsl.
Specimen. Specimen serial numbers and overprints. Fijian
specimen notes are all quite scarce and this modern 50
Dollar design is nearly perfect.
PCGS Superb Gem New 68 PPQ $600-$ 1000
FINLAND
1114 Finlands Bank. 5 Markkaa, 1897. P-2. A stunning example
of this scarce early issue from 1987. Seen with fairly nice
centering and covered in security fibers. Difficult to come
by in uncirculated condition.
PCGS Choice New 63 $750-$1250
1115 NO LOT.
FRANCE
1116 Banque de France. 50 Francs, 27.4. 1933. P-80b. Just a light
vertical fold, some handling and staple holes as mentioned
by PMG in the comments section of the holder to report on
this attractive large format 50 Francs design.
PMG Choice About Uncirculated 58 $1500-$2000
From the Yuri Solovey Collection.
1117 Banque de France. 1000 Francs, 1938-40. P-90c. A
very popular large size French note not typically found
in Uncirculated condition, and usually when it is, it has
some netting defects and is not original. This piece in 63,
has the PPQ designation making it a highly desirable piece
among collectors. We mention the typical pinholes at left for
accuracy as does PCGS in their comments section.
PCGS Choice New 63 PPQ $600 $ 1000
1118 Banque de France. 5000 Francs, 2.1.1958. P-135a. A scarce
5000 Francs design type that is offered very infrequently
at public auction. This example shows with great color
and nicely embossed overprints. Some typical pinholes,
mentioned on the holder, which are found at left, likely
prevented PMG from applying an “EPQ” designation.
PMG Extremely Fine 40 $500-$700
From the Yuri Solovey Collection.
Page 36
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
FRANCE
1119 Banque de France. 10 Francs, 1963-65. P-147fp. Face
Proof. A special Face Proof of this 10 Franc Voltaire design,
and the first we have had the privilege to offer. Extra large
borders as to be expected as this was merely a piece used to
display the way the eventual face of the issued note would
look.
PCGS Gem New 65 PPQ $1500-$2000
1120 Banque de France. 50 Francs, 1962-65. P-148fp. Face
Proof. We continue the trend of these rare French Face
Proofs with another , and the first we have handled of the
Racine design. Port Royal des Champs Abbey pictured in
the background. Every bit worthy of this Gem evaluation
from PCGS.
PCGS Gem New 66 PPQ $1750-$2250
FRENCH EQUATORIAL AFRICA
1121 Caisse Centrale de la France. 500 Francs, ND (1947).
P-25s. Specimen. A gorgeous 500 Francs example of this
popular note seen here in specimen form. Vivid portraits
and vignettes showing great detail and color that combine
for a most appealing visual. A paper clip indentation on the
left, in addition to a corner tip fold far enough away from
the design.
Choice Uncirculated $700-$ 1000
FRENCH GUIANA
1122 Banque de la Guyane. 1000 Francs, ND (1942). P-15s.
Specimen. Specimen overprint and serial numbers printed
by E.A. Wright. Three punch cancels at the signature panels.
Extremely large format likely intended for bank to bank
transactions rather than a circulating medium. A rich green
color fills the face design with vignettes of women seated at
left and right. Bank name repeated continuously in under-
printing. Back design shares a similar layout to face ornate
border in brown and light brown under-prints
PMG Gem Uncirculated 66 EPQ $2000-$3000
1123 Caisse Centrale de la France D’Outre-Mer. 5000 Francs,
ND (1947-49). P-26s. Specimen. Specimen overprints,
serial numbers and perforations. A high end Gem example
of this popular 5,000 Francs design with a vivid portrait that
shows extraordinary color and original paper.
PMG Gem Uncirculated 66 EPQ $900-$1200
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1124 Caisse Centrale de la France D’Outre-Mer. 5000 Francs,
ND (1947-49). P-26s. Specimen. Specimen overprints,
serial numbers, and perforations. A high end Gem example
of this popular 5,000 Francs design that shows extraordinary
color and original paper.
PCGS Gem New 66 PPQ $900-$1200
Bid online at www.stacksbowers.com
Page 37
The January 2017 NYINC Auction
Gorgeous French Indian Specimen
FRENCH INDIA
1125 Banque de LTndo-Chine. 50 Roupies, ND (1936). P-7s. Specimen. (Jhunl3.5.4) Specimen. A scarce and beautiful large format design
that shows with stunning color intricate detail and nicely embossed inks. A touch of red ink at the upper left likely prevented a Gem
assessment as it is mentioned by PMG in the comments section.
PMG Choice Uncirculated 64 $4000-$5000
From the Yuri Solovey Collection.
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1126 Banque de LTndo-Chine. 20 Piastres, 16.3.1907. P-36. Saigon. This note is one of an important quartet of early French Indo-China
pieces we are offering and has grade we have never before seen for the catalog number. The note borders on an Extremely Fine state with
light even circulation and striking detail remaining throughout. Close inspection reveals nicely embossed overprints and just a speck of
rust at the staple hole at right. PMG mentions Minor Rust in the comments section of the holder.
PMG Choice Very Fine 35 Net. Minor Rust $6000-$10,000
From the Yuri Solovey Collection.
Page 38
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
FRENCH SOMALILAND
1127 Banque de la Republique du Mali. 500 Francs, 1960. P-8 & 8s. Issued & Specimen. 2 pieces in lot. A high denomination problem-free
pairing with the Gem being the TDLR Specimen and the Issued note still having exceptional paper quality with one minor fold.
PMG About Uncirculated 58 EPQ & Gem Uncirculated 66 EPQ $900-$ 1200
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1128 Banque de la Republique du Mali. 1000 Francs, 1960. P-9 & 9s. Issued & Specimen. 2 pieces in lot. This is the final pairing of Issued
and Specimen Mali notes. This ultra high 1000 Francs Mali pairing features an issued note in VF 35 condition with typical handling for
the grade with the specimen being a PMG About Uncirculated 50 Net with Previously Mounted written in the comments section.
PMG Choice Very Fine 35 & About Uncirculated 50 Net. Previously Mounted $900-$ 1200
Bid online at www.stacksbowers.com
Page 39
The January 2017 NYINC Auction
1129 Banque de la Republique du Mali. 5000 Francs, 1960. P-10. A nice medium format note featuring a high 5000 Francs denomination.
Toning seen throughout the margins likely the reason for the absence of the EPQ designation, in addition to the Minor Splits mentioned
by PMG in the comments section of the holder.
PMG About Uncirculated 55 $800-$ 1000
FRENCH WEST AFRICA
1130 Banque de LAfrique Occidentale. 5000 Francs, 1947-50. P-43. This note is one of the most desirable notes from French West Africa.
In a 64, this makes the note a collector s choice for anyone looking to build a FWA collection as this note is not often found and readily
available in such good condition.
PMG Choice Uncirculated 64 $1000-$2000
From the Yuri Solovey Collection.
1131 Banque de LAfrique Occidentale. 5000 Francs, 1950. P-43. 2 pieces in lot. A gorgeous French West Africa design seen with 2 higher
end examples to represent it. One in XF condition with a few light folds and the other in AU condition with some minor toning
mentioned for accuracy.
Extremely Fine & About Uncirculated $600-$ 1000
1132 NO LOT.
1133 NO LOT.
Page 40
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
GERMANY, FEDERAL REPUBLIC
1134 Deutsche Bundesbank. 500 Deutsche Mark, 1977. P-35b.
A scarce high denomination note seen with a “Portrait of
a Man Without Beard” by Hans Maler zu Schwaz. This is
the second highest denomination of the series and above &
beyond the finest we have handled for the type.
PMG Gem Uncirculated 65 EPQ $1500-$2000
1135 Deutsche Bundesbank. 1000 Deutsche Mark, 1980.
P-36b. The highest denomination of the series that features
Johannes Schoener at right in a vivid portrait. He is also
seen making an appearance in the watermark. Problem free
gem showing pack fresh originality.
PMG Gem Uncirculated 66 EPQ $2500-$3500
1136 Deutsche Bundesbank. 500 Deutsche Mark, 1991. P-43a.
The earliest issue of this design seen here with a “AA” prefix
in a lofty 68 Superb Gem grade. Maria Sibylla Merian
pictured at right. Wonderful embossing seen.
PMG Superb Gem Uncirculated 68 EPQ $800-$ 1200
1137 Deutsche Bundesbank. 500 Deutsche Mark, 1993. P-43b*.
The later issue of the previous lot, although this particular
example is special because it is a replacement by way of the
YA prefix. Seen here in a near perfect Superb Gem 68 with
punch through embossing and impeccable paper quality.
PMG Superb Gem Uncirculated 68 EPQ $1000-$ 1500
1138 Deutsche Bundesbank. 1 000 Deutsche Mark, 1991. P-44a.
A unique high denomination Gem that commemorates
The Brothers Grimm on the face. The German dictionary
printed on the reverse.
PMG Gem Uncirculated 66 EPQ $1250-$ 1750
1139 Deutsche Bundesbank. 200 Deutsche Mark, 1996. P-47*.
Replacement. Paul Ehrlich honored as the featured portrait
on this 200 Deutsche Mark piece. This note is a replacement
which is indicated by the YA prefix.
PMG Superb Gem Uncirculated 68 EPQ $600-$ 1000
Bid online at www.stacksbowers.com
Page 41
The January 2017 NYINC Auction
GHANA
1 140 Bank of Ghana. 10 & 20 Cedis, 06.03.1982. P-20ds & 21cs. Specimen. 2 pieces in lot. A stunning pair of these Ghana TDLR Specimens
printed with the date of March 6th, 1982. Nice embossing and full originality.
Uncirculated $600-$ 1000
GREAT BRITAIN
1141 Bank of England. 5 Pounds, 1947. P-343s. Specimen.
This large size Great Britain 5 Pound note features a faint
guilloche like underprint behind the red “SPECIMEN”
overprints. The word “Five” is written in old English
surrounded by a bold black outline on the lower left of the
note. PMG mentions Good Embossing on the note which is
accurate, and easily seen through the plastic.
PMG Choice Uncirculated 64 $2500-$3500
From the Yuri Solovey Collection.
1142 Bank of England. 10 Shillings, ND (1948-60). P-368cts.
Color Trial Specimen. Color Trial Specimen of the popular
10 Shillings design. Light Purple with a faint grey undertone.
Watermark of Minerva is observed. Good embossing seen
through holder.
PMG Choice Uncirculated 63 $2000-$3000
From the Yuri Solovey Collection.
1143 Bank of England. 10 Shillings, ND (1948-60). P-368s.
Specimen. Another stunning British note offered with the
watermark of Minerva, and an ornate royal-like design.
Brown underprints and punch through embossing. Typical
Staple Holes which are mentioned in the comments section
by PMG.
PMG Choice Uncirculated 64 $2000-$3000
From the Yuri Solovey Collection.
1144 Bank of England. 1 Pound, ND (1948-60). P-369cts.
Color Trial Specimen. Color Trial of the collectible 1
Pound note. Bright blue overprints highlighting the motifs
and guilloche. Peach underprints with white outer borders.
Good centering also observed.
PMG Choice Uncirculated 64 $2000-$3000
From the Yuri Solovey Collection.
Page 42
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
GREECE
1145 National Bank of Greece. 2 Drachmai, 1885. P-41s. Specimen. A rare fractional sized Specimen. This 2 Drachmai is designed by
Bradbury Wilkinson & Company and are missing from even the most advanced Greek collections in this high grade. One punch
cancellation seen.
PMG Gem Uncirculated 66 EPQ $750-$ 1250
1146 Bank of Greece. 5000 Drachmai, 1932. P-103p. Proofs. 2 pieces in lot. Printed by ABNC. A gorgeous offering of this 5000 Drachmai
design. Seen here in full detail with no significant deterrents. The Net mention on the reverse proof of the note is for being previously
mounted.
PMG Choice About Uncirculated 58 & PMG Uncirculated 61 Net. Previously Mounted $1200-$1800
GUADELOUPE
1147 Banque de la Guadeloupe. 25 Francs, ND (1942). P-22s.
Specimen. Specimen serial numbers and overprints printed
by E.A. Wright. Outstanding quality and seen with picture
perfect centering and margins. Eye appeal every bit worthy
of the Superb Gem designation.
PMG Superb Gem Uncirculated 67 EPQ $600-$1000
From the Yuri Solovey Collection.
1148 Banque de la Guadeloupe. 500 Francs, ND (1942). P-24s.
Specimen. On the face, it has the famous Santa Maria ship as
the vignette printed above the red under-print and a nautical
compass on the back over the light green under-print. Extra
fat margins with bright red, small, diagonal “SPECIMEN”
overprints.
PMG Gem Uncirculated 65 EPQ $1250-$ 1750
Bid online at www.stacksbowers.com
Page 43
The January 2017 NYINC Auction
GUADELOUPE
1 149 Banque de la Guadeloupe. 500 Francs, ND (1942). P-25s.
Specimen. Specimen overprints and serial numbers printed
by E.A. Wright. This impressive 500 Francs design shows
with a detailed vignette of the Santa Maria at left and micro -
printing in the red under-print. Seaplane at center on back
with green under-printed styling that matches the face.
Exceptional quality.
PMG Gem Uncirculated 66 EPQ $1500-$2000
1150 Banque de la Guadeloupe. 1000 Francs, ND (1942). P-26s.
Specimen. Specimen overprints and serial numbers. A rare
large format design type that shows with a detailed central
profile vignette of Karukera at center. Appealing blue under-
prints and intricate lathe work at the borders. Strong quality
and a type certainly missing in even advanced collections.
PMG Gem Uncirculated 66 EPQ $2000-$3000
GUATEMALA
1151 Banco de Guatemala. 1/2 to 100 Quetzales, 1948. P-23 to 28. 6 pieces in lot. A set of Guatemalan Specimens with red overprints and
serial numbers punch cancelled in the signature panels. Notes are all seen in About Uncirculated condition or better with each note
featuring a different portrait or vignette. This set is difficult to piece together in such condition.
About Uncirculated $600-$ 1000
Page 44
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Scarce Guernsey PBL Design
GUERNSEY
1152 British Administration. 5 Pounds, 1956. P-44a. An extremely important offering of this rare catalog number and a piece likely missing
in even advanced collections. The note is also of excellent quality and bears the most early date for the design. Certainly one of the more
pleasing designs produced by Perkins Bacon Limited with deep green bordering design and multicolored guilloche and under-prints.
Back design in heavy lathe which extends to the edges with central circular design. This offering is one that likely will not occur again
for years and especially so at this grade level.
PMG About Uncirculated 55 $1500-$2500
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GUINEA
1153 Banque de la Republique de Guinee. 5000 Francs,
2.10.1958. P-10. A scarce large size high denomination
from this highly collected region of Africa. A striking
oversized portrait seen at left, with some toning around the
margins, but nothing that takes away from the eye appeal of
the design. This is the first we have offered for the type. An
exciting lot.
PCGS Very Fine 30 $600-$1000
1154 Banque Centrale de la Republique de Guinee. 5000 Francs,
1.3.1960. P-15As. Specimen. This high denomination
TDLR Specimen is seen with a punch cancellation in the
signature panel, with red “SPECIMEN” overprints. PCGS
mentions the Hole Punch Cancellation and Stains in the
comments section of the holder, but the note retains all
pertinent detail and displays great overall eye appeal. Scarce
in any condition.
PCGS Choice About New 55 Apparent.
Hole Punch Cancelled, Stains $1200-$ 1800
Bid online at www.stacksbowers.com
Page 45
The January 2017 NYINC Auction
HAITI
1155 Bank Nationale de la Republic D’Haiti. 1, 2, 5, 10, 50, 100, 250, & 500 Gourdes, L.1919. P-200s to 207s. Specimens. 8 pieces in lot.
An octet of high grade specimens from Haiti, most of which we have not yet offered in our sales. Pick 203s, and 207s seen in 58PPQ. Pick
202s, and 205s seen in 65PPQ. Pick 200s, 201s, 204s, and 206s.
PCGS Choice About Uncirculated 58 PPQ to PCGS Gem New 66 PPQ $1500-$2000
ICELAND
1156 Landsbanki Islands. 500 Kronur, 1928. P-36s. Specimen.
Specimen serial numbers, perforated “SPECIMEN”, and
printers annotations. One of a nice group of BWC specimen
notes we are offering with this Icelandic note showing
stunning color and detail.
PCGSBG About Uncirculated 55 OPQ $700-$ 1000
1157 Landsbanki Islands. 100 Kronur, 1928 (ND 1934-56).
P-Unlisted. Color Trial Specimen. A high grade gem
for this 100 Kronur Color Trial, with vibrant violet hues.
Printed by the BWC with red specimen overprints, and seen
with punch cancellations at the bottom.
PMG Gem Uncirculated 66 EPQ $600-$ 1000
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INDIA
1158 British Administration. 10 Rupees, ND (1917-30). P-6.
(Jhun3.6A.l) Locating examples of this KGV type in grades
above Very Fine is quite daunting and this Extremely Fine
note shows only a bit of rust mostly at back.
PMG Choice Extremely Fine 45 Net. Rust $600-$ 1000
1159 Government of India. 10 Rupees, ND (1917-30). P-7b. A
scarce KGV note which shows with the J.B. Taylor signature
and lovely color and detail. Light even circulation seen
without the typical spindle hole at left. Rust seen in the
left margin which is mentioned by PMG in the comments
section.
PMG Choice Extremely Fine 45 Net. Rust $600-$ 1000
Page 46
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
INDIA
1160 Reserve Bank of India. 100 Rupees, ND (1943). P-20e.
(Jhun4.7.2B) Calcutta. These 100 Rupee notes are scarce in
lightly circulated grades such as this and just a typical staple
and spindle hole at left detract. Consecutive to another in
the same grade we are offering.
PMG About Uncirculated 50 $700-$1000
From the Yuri Solovey Collection.
1161 Reserve Bank of India. 100 Rupees, ND (1949-57). P-43a.
(Jhun6. 7.3.1) As made staple holes at left. A remarkable
offering of this 100 Rupees denomination and the finest
we have seen or handled. The note shows striking color
throughout with picture perfect centering and margins.
Currently one of just two graded at this level by PMG with
none finer.
1162 Ramgarh. 1 Anna, Prisoners of War Camp. Nice centering
seen with just a few folds present preventing this problem-
free POW camp note from an Uncirculated designation.
PCGS Extremely Fine 45 PPQ $500-$ 1000
Hyderabad 100 Rupees Gem
INDIA - PRINCELY STATES
1163 Hyderabad. 100 Rupees, 1923. P-S266d. An Always
popular and seen here in a very large format. Free from
circulation and great color throughout. This is a highly
detailed, multi-language Waterlow and Sons design that is
seen in the finest condition that we have ever offered one.
PMG Gem Uncirculated 65 EPQ $3000-$4000
INDONESIA
1164 Bank Indonesia. 500 Rupiah, ND (1957). P-52a. An
underrated design which shows with nice color and
exceptional detail. A vivid vignette of a tiger is seen at left
with a verso design depicting paddy terraces.
PCGS Gem New 66 PPQ $1000-$2000
Bid online at www.stacksbowers.com
Page 47
The January 2017 NYINC Auction
Lot 1165
An Outstanding Iranian Specimen Book
Page 48
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRAN
1165 Specimen Banknote Book of Iranian Notes. 36 notes in book. This is a very rare assortment of Iranian Specimens within cardstock
pages found in a hardbound leather book with “SPECIMEN BANKNOTES OF IRAN” printed in gold foil on the front cover. This
Specimen book used to belong to a very close advisor of the Shah that left Iran to the US in 1979; although the exact information on how
it was put together remains unclear. Each page is protected by a thin cookie-sheet like paper so the note does not rub against the page
before it. We consider all of the notes to be uncirculated, but we recommend personal inspection of the book because the way the notes
are displayed in the cardstock cutouts prevent us from a more thorough examination. Some pieces are seen with punch cancels, others
have perforated “SPECIMEN” punched across, some contain red “SPECIMEN” overprints, and a few have a combination of the 3.
The notes included the book are as follows :
5 Rials (3) - Pick 32, 32A, & 39
10 Rials (6) - Pick 19, 25, 33, 33 A, 40, & 47
20 Rials (6) - 20, 26, 34, 34A, 41, 48
50 Rials (6) - 21, 27, 35, 35A, 42, & 49
100 Rials (6) - Pick 22, 28, 36 A, 43, 44, & 50
200 Rials (1)- Pick 51
500 Rials (5) - Pick 23, 29, 37, 45 & 52
1000 Rials (2) - Pick 30 & 53
Uncirculated $30,000-$50,000
Bid online at www.stacksbowers.com
Page 49
The January 2017 NYINC Auction
IRAN
1 166 Imperial Bank of Persia. 1 Toman, 1913. P-lb. Payable at Teheran Only A low grade example of this desirable 1 Tomans design in the
second serial type for the series featuring black serial numbers. A few harder folds are likely the reason for the knock down in grade, as
notes typical found in VG indicate that they are falling apart, and this note is mostly in tact with the exception to the very small hole at
center where all of the folds meet.
WBG Very Good 10 $1800-$2200
1 167 Imperial Bank of Persia. 2 Tomans, ND (1890-1923). P-2. Bold color and detail and certainly a piece that will enhance any collection.
Printed by BWC. PMG also mentions Repaired in their comments. This present example exhibits only minor repairs in comparison to
what can typically be found on this rare issued pieces.
PMG About Uncirculated 50 Net. Repaired $4000-$6000
From the Yuri Solovey Collection.
Page 50
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Hamadan Issued 2 Tomans
IRAN
1168 Imperial Bank of Persia. 2 Tomans, 1890-1923. P-2. Payable at Hamadan Only. This is the first 2 Tomans issue we have offered with the
Hamadan overprint. Seen in typical VF 25 condition although PMG mentions the note has been repaired. Regardless of that mention,
the note shows up very well and is certainly missing from enough collections for the incidental repairs to go overlooked.
PMG Very Fine 25 Net. Repaired $3000-$4000
Bid online at www.stacksbowers.com
Page 51
The January 2017 NYINC Auction
Imperial Bank of Persia 50 Tomans
Issued-Payable at Teheran Only
IRAN
1169 Imperial Bank of Persia. 50 Tomans, 2.4. 1 9 1 9. P-7.
WBG Very Fine Choice 25 Qualified. Pinholes, Probable Restoration $40,000-$50,000
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Both of the notes offered here are rare in any form, but they are
exceptionally rare as issued notes. We have been unable to find
any public auction records for either of these notes in issued form.
These are the first we have handled and are likely to be the last
for quite some time, possibly ever. Both notes have been certified
by World Banknote Grading with the 50 Tomans being graded a
25 Qualified and the 100 Tomans receiving a 35 Qualified. These
examples show extraordinary detail, have great registration, and
retain their original color. Striking hand written signatures are
present and bold overprints are also seen.
These notes feature vignettes of Nasr ad-Din Shah and the Lion
and Sun motif holding Arms. The sun in the Lion and Sun motif
is believed to resemble Mithra, the sun god in Zoroastrian beliefs.
The lion is symbolic of virility and strength. This combination is
deep rooted in Persian culture and is often associated with Roy-
alty. The Qajar Dynasty made the Lion and Sun the official sym-
bol of the royal house. Naser al-Din Shah was part of the Qajar
dynasty. Even though he was assassinated in 1896, his portrait
remained on these notes for more than 25 years after his death,
and these Imperial notes are often referred to as Qajar notes.
Page 52
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Imperial Bank of Persia 100 Tomans
Issued-Payable at Kermanshah Only
IRAN
1170 Imperial Bank of Persia. 100 Tomans, 1.6.1923. P-8.
WBG Very Fine Choice 35 Qualified. Pinholes, Probable Restoration $50,000-$75,000
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Established in 1889, the Imperial Bank of Persia was Iran’s first
attempt of establish a modern banking system. Seventeen years
earlier, a Baron named Julius de Reuter signed an agreement with
the Iranian Government in Tehran that granted him permission
to start a bank or establishment of credit if the government ever
decided to allow anyone to do so. Red tape and opposition by
many different agencies caused this to take quite a bit of time.
Eventually a royal charter was issued in September 1889 authoriz-
ing the establishment of the first bank, but with many restrictions
including: a mandate that all branches be located within Iran, that
the board of directors had to be in London and that more than
50% of the capital had to be issued in the United Kingdom. Ulti-
mately this made the Imperial Bank of Persia an exclusively Brit-
ish bank even though Iran was not a British colony.
Bid online at www.stacksbowers.com
Reza Shah Pahlavi took control of the country when he was se-
lected as Prime Minister of Iran in 1923. The desire for Iran to
have full control of their banking system was the beginning of
the end for the Imperial Bank of Persia. The Bank’s ability to issue
notes was taken away in 1932. Many of the notes were destroyed
over time by the Imperial Bank of Persia. Of the issued notes
sent into circulation, only 236 of the 50 Tomans, and 153 of the
100 Tomans remain that were not destroyed by the government;
surviving only because they were either stolen or never returned
to be destroyed. The last known accounting of these numbers was
in 1931, so it is likely that those numbers have since decreased
dramatically, with just a handful or less surviving.
Page 53
The January 2017 NYINC Auction
Finest Graded
100 Tomans Specimen
IRAN
1171 Imperial Bank of Persia. 100 Tomans, 1890-1923. P-8s. Specimen. This BWC design is as flawless and problem free as possible, with
perforated specimen punched above each of the signature panels. A printers annotation dated September 1911 is in the top margin
towards the left of center. According to the PMG census, only 5 of these pieces have been certified in specimen form. None of which
have been given an EPQ designation, except for this one. Thus, this example is without question the finest known specimen of the type.
This would be a great pairing with the issued 100 Tomans we also have offered in this sale.
PMG Gem Uncirculated 66 EPQ $25,000-$35,000
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Page 54
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRAN
1172 Imperial Bank of Persia. 1 Toman, 1924-32. P-11. Payable
at Hamadan. Most offerings of this catalog number are in
Very Good to Fine grades with Very Fine material and better
being extremely challenging. Notes with the Hamadan
overprint are even more difficult. This note retains excellent
color of the W&S design with great detail of both the black
primary design features and multi-colored under-print.
PMG mentioned the note is repaired.
PMG Choice Very Fine 35 Net. Repaired $2000-$3000
1173 Imperial Bank of Persia. 1 Toman, 1924-32. P-llo.
Payable at Burujird Only. This note retains excellent color of
the W&S design with great detail of both the black primary
design features and multi-colored under-print. Just some
minor handling and a very small hole at center noticed
under extreme scrutiny.
PMG Very Fine 30 $1800-$2200
1174 Imperial Bank of Persia. 1 Toman, 1924-32. P-11. Payable
at Shiraz Only. This piece nearing a century in age shows
a coveted Shiraz overprint. Beautiful embossing also seen.
PMG mentions Repaired, Rust on the comments section of
the holder. The note still shows lovely detail of the design.
PMG Very Fine 30 Net. Repaired, Rust $1000-$ 1500
1175 Imperial Bank of Persia. 1 Toman, 1 924-32. P-11. Teheran.
An always popular design in issued form as these early issue
Imperial Bank of Persia notes are desired by most collectors
of Iranian Bank Notes. A Small Tear is mentioned by PMG
in the comments section of the holder.
PMG Very Fine 25 $1000-$1500
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1176 Imperial Bank of Persia. 2 Tomans, 1924-32. P-12.
Teheran. This 2 Tomans piece displays lovely detail with
black overprints. A couple of dark folds present on the
reverse, but they are located in areas where they do not
distract from the design. A pleasing example for anyone
needing the type to complete a collection.
PCGS Very Fine 35 $1500-$2000
1177 Imperial Bank of Persia. 2 Tomans, 1924-32. P-12. Payable
at Burujird Only. Printed by the BWC. A rare Burujird
overprint seen on this already scarce 2 Tomans issued note
from the 1924-32 series. PMG mentioned a tear which can
be seen in the middle of the left margin. Some handling
mentioned for accuracy.
PMG Very Fine 30 Net. Tear. $1500-$2000
Bid online at www.stacksbowers.com
Page 55
The January 2017 NYINC Auction
IRAN
1178 Imperial Bank of Persia. 2 Tomans, 1 924-32. P- 1 2 . Payable
in Teheran only. This pleasing mid-grade 2 Tomans note
shows with nice color and mostly even circulation. Free
from typical repairs found with this issue and seen with only
a minor stain which is mentioned by PMG in the comments
section.
PMG Very Fine 25 $1500-$2000
1179 Imperial Bank of Persia. 2 Tomans, 1 924-32. P- 1 2. Payable
at Shiraz only. A scarce offering that has the Shiraz overprint
instead of the typical Teheran found on these early issues.
Shiraz is the 6th most populated city in Iran.
PMG Very Fine 20 Net. Splits $700-$ 1000
1180 Imperial Bank of Persia. 2 Tomans, 1924-1932. P-12.
Payable at Bushire. Typically these notes are found Payable
at Teheran, so anytime we see a different overprint, there
is reason for excitement. Seen here in VG condition, this
would still be a collectible piece for its degree of difficulty to
find. Splits and tears mentioned for accuracy.
Very Good $600-$ 1000
1181 Imperial Bank of Persia. 5 Tomans, 1924-32. P-13. Payable
at Teheran Only. This note shows with better appeal than the
technical grade would suggest with bright green and purple
inks against the black frame. Repairs throughout are noticed
but executed quite well leaving the note in beautiful form.
PMG Choice Very Fine 35 Net. Repaired $3000-$4000
Page 56
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Stunning BWC Specimen
Imperial Bank of Persia 100 Tomans
IRAN
1182 Imperial Bank of Persia. 100 Tomans, 1924-32. P-17s. Specimen. A spectacular offering of the highest denomination for the series
note. Vibrant and colorful paper with striking detail of this Bradbury Wilkinson Design. Deep blue and strong brown inks intensify
the appeal and the reverse is shown with well regarded “SPECIMEN” overprints. A staple note in any advanced collection of Persian
banknotes as few notes in the Imperial Bank catalog offer such an exquisite design.
PMG Choice About Uncirculated 58 $12,500-$17,500
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Bid online at www.stacksbowers.com
Page 57
The January 2017 NYINC Auction
IRAN
1183 Bank Melli. 20 Rials, ND (1934). P-26b. A bright piece
which is seldom located in such a state of preservation. Bold
red inks make up the primary design and a multi-color
guilloche sits nicely around the central three quarters facing
portrait vignette of Shah Reza.
PMG Gem Uncirculated 65 EPQ $1200-$1800
1184 Bank Melli. 1000 Rials, ND (1934). P-30s. Specimen.
Specimen overprints, serial numbers and punch cancels.
Farsi signatures only. This large format design shows with
bold green inks making up the primary design and under-
print with multi-color guilloche at left and right. This is
the first gem of the type that we have handle on this high
denomination.
PMG Gem Uncirculated 65 EPQ $2500-$3500
1185 Bank Melli. 100 Rials, ND (1938). P-36Aa. 2 pieces in lot. A scarce offering as these two high denomination notes feature Western Serial
Numbers that are also consecutive. Both show light handling and minor repairs as mentioned by PMG in the comments section of the
holder, with the 58 Net note also having some edge damage.
PMG Choice About Uncirculated 58 Net. Minor Repairs, Edge Damage, & PMG Choice Uncirculated 64 Net.
Minor Repairs $2000-$2500
Large Size Bank Melli 500 Rials Gem
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1186 Bank Melli Iran. 500 Rials, AH 1317 (1938). P-37a. An exceptional example of this large format design which offers brilliant blue inks
and fully original paper. Nicely registration and larger margins. A difference in right to left is the only thing preventing a Superb Gem
designation, but this is still above and beyond the nicest example we have handled.
PCGS Gem New 65 PPQ $3000-$5000
Page 58
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRAN
1187 Bank Melli Iran. 500 Rials, AH 1317 (1938). P-37e. A
nice lightly circulated medium format example. Red date
stamp on the reverse. Persian Serial numbers seen. PMG
mentioned Light Stained in the comments section of the
holder.
PMG Extremely Fine 40 $600-$ 1000
1188 Bank Melli. 1000 Rials, ND (1938). P-38Aa. The first
variation of this very desirable 1000 Rials design with Reza
Shah pictured at right. Western serial numbers, with a basic
black design that doesn’t feature the stamp that later variants
of this design do. PMG mentions the note was retouched in
the comments section of the holder.
PMG Choice Very Fine 35 $1000-$ 1500
1189 Bank Melli. 1000 Rials, ND (1937). P-38C. A Block.
French text and 1321 red date stamp at center of reverse. A
scarce variety for this large format 1,000 Rials design and
an item which will certainly grab attention. Seen with the
initial appeal of a higher grade. Some very minor spots with
toning are all we mention.
PMG About Uncirculated 53 $2500-$3000
1190 Bank Melli. 50 Rials, ND (1944). P-42cts. Color Trial
Specimen. We have handled the issued version of this note
only a couple times before. This Color Trial Specimen would
be the finest we have offered in any version of the type. Seen
here with punch cancellations in the signature panel on
this gorgeous H & S design. Small “31” annotation on the
reverse. Previously Mounted mentioned in the comments
section of the holder.
PMG Choice Uncirculated 64 $2000-$3000
1191 Bank Melli. 500 Rials, ND (1944). P-45s. Specimen. This
highly interesting note shows a slightly dissimilar Shah
Pahlavi at right which is the first of the Specimen type we
have handled. The note shows similar guilloches and design
elements of the earlier Shah Reza 500 Rials note. Stunningly
original with only printers annotations in the top left of
the reverse. Nice registration also seen. Watermark of the
Imperial Crown.
PMG Choice Uncirculated 64 $3000-$4000
1192 Bank Melli. 1000 Rials, ND (1944). P-46. A note which is
not seen with frequency in any state of preservation. This
bright piece is one of the finest we can recall handling and
shows the appeal of an Extremely Fine note. In tact paper
also adds to the desirability and large even borders frame
the well inked design.
PMG Choice Very Fine 35 $1200-$1500
Bid online at www.stacksbowers.com
Page 59
The January 2017 NYINC Auction
IRAN
1 193 Bank Melli. 10 Rials to 500 Rials, (1948-51). P-47-52. 6 pieces in lot. Pick 47 to 52 present in this grouping of Issued Iranian notes with
Pick 52 being the only Very Fine piece and the rest seen in Uncirculated Condition.
Various Grades $600-$ 1000
1194 Bank Melli Iran. 1000 Rials, ND (1951). P-53. Young Shah Pahlavi seen at right on this high denomination note. Seen with decent
centering. Minor handling likely the cause for the absence of the EPQ designation.
PMG Choice Uncirculated 64 $1250-$1750
Control Number 1 Iranian Specimen Set
1195 Bank Markazi. 20 Rials to 1000 Rials, 1962 to ND (1965). P-73bs, 74s, 75s, 77s, 78as, & 81s. Specimen. 6 pieces in lot. Control
Number 1 for each piece. Iranian Specimens always carry a premium as collectors tend to fight over them since they are not massively
produced like some other countries. Each piece offered here is seen in Gem condition. Pick numbers 73bs, 75s, 78as, and 81s account
for the 66 EPQs, while the rest are all seen in Superb Gem 67 condition.
PMG Gem Uncirculated 66 to Superb Gem Uncirculated 67 $5000-$6000
Page 60
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRAN
1196 Bank Markazi. 20 Rials to 1000 Rials, ND. P-84cts-85cts & 91cts-94cts. Specimen & Color Trial Specimens. 6 pieces in lot. 1 Specimen
in the lot as Pick 92s seen in PMG 66 EPQ. Pick 84cts seen in PMG 58 EPQ, Pick 93cts seen in 65 EPQ, Pick 85cts, 9 lets, and 94cts seen
in PMG 66 EPQ.
PMG Choice About Uncirculated 58 EPQ to Gem Uncirculated 66 EPQ $4000-$5000
I w^-PMG -
64
1197 Bank Markazi. 10,000 Rials, ND (1972-73). P-96pp. Progressive Proofs. A grouping of (12) Progressive Proofs for the P-96 10,000
Rials Iranian Bank Markazi design. Vignettes, portraits, and Color Trial Proofs seen. Each piece individually holdered. Rare Progressive
sets like this are very difficult to find and because of this, we expect spirited bidding on this lot.
PMG About Uncirculated 55 to Choice Uncirculated 64 $4000-$6000
Bid online at www.stacksbowers.com
Page 61
The January 2017 NYINC Auction
IRAN
1198 Bank Markazi Iran. 500 Rails Unissued Uncut Pair, ND (1974-79). P-104ar. Remainder. 1 sheet of 2 pieces in lot. A high 500 Rials
uncut remainder sheet. This sheet is seen in fresh uncirculated condition straight from the TDLR printing company. Seen with pack fresh
originality, and color lines at the bottom of the sheet. This unissued pair is likely to have spirited bidding.
PMG Gem Uncirculated 66 EPQ $600-$1000
Stunning Iranian World War One Piece
1 199 Reichsbank. 5 Tomans on 20 Mark, 19.2.1914 (1916-17). P-M3. A gorgeous piece accompanied by a booklet about the note itself. This
piece is printed as a 5 Tomans note over a Germany Pick 46 note. Issued by German and Turkish forces during World War I. The type
itself is heavily counterfeited, but we are fortunate to have a high grade, authentic example. Typically these notes are found with damage
such as staining and burn marks. Seen here in original condition. This is the first of the type that we have offered and we expect spirited
bidding.
PCGS Choice About New 55 PPQ $4000-$5000
Page 62
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRAN
1 200 Bank Markazi Iran. Mixed Denominations, Mixed Dates.
P- Various. 45 pieces in lot. A detailed description of the
notes being offered are as follow; Pick Numbers 73b, 84, 85a,
85b, 85c, 86a, 86b, 87b, 88, 89, 90, 91a, 91b, 91c, 92a, 92b,
92c, 93b, 93c, 94c, 94b, 97a, 97b, 98, 100c, 100b, lOle, 101c,
(3)101b, 102d, 102b, (2) 103a, 103c, 103d, 103e, 104d, 104c,
104b, 105b, 106b, and 108.
Uncirculated $600-$ 1000
IRAQ
1201 Government of Iraq. 1 Dinar, 1931. P-15. One of the
most underrated series of Iraq currency are these rare India
printed Dinars produced during 1941. This 1 Rupee is the
highest denomination made with just the 1/4 and 1/2 Dinar
fractional notes produced otherwise. We have only had the
pleasure to handle just a few of this catalog number and
the current offering is by far the finest we have seen. Just
a single light vertical fold makes up the circulation and the
color is bold and defined throughout. Currently this note is
the finest PMG has graded with no equals. A piece that will
likely get strong attention from bidders.
PMG Choice About Uncirculated 58 $5000-$7500
1202 Government of Iraq. 1/2 Dinar, 1931 (ND 1942). P-17a.
An interesting BWC design featuring the Lord Kennet
signature. Some toning mentioned for accuracy with PMG
only mentioning a lightened annotation in the comments
section of the holder.
PMG Very Fine 30 $2000-$3000
King Faisal II
Color Trial
1203 Government of Iraq. 5 Dinars, ND (1942). P-19cts. Color
Trial Specimen. This very scarce Color Trial Specimen
shows with King Faisal II as a child at right and enjoys a
deep red-brown hue. BWC seal with Specimen written on
it, seen to the left of King Faisal Us portrait. Nice centering
with good embossing. This is the first we have offered as a
Color Trial and only the 3rd in any form of the design in the
past 5 years. Previously Mounted mentioned by PMG in the
comments section of the holder, which we typically find in
color trials.
PMG About Uncirculated 55 $6000-$8000
Bid online at www.stacksbowers.com
Page 63
The January 2017 NYINC Auction
U.PMG
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IRAQ
1204 Government of Iraq. 1/2 Dinar, 1931. P-23. A scarce issued Iraqi note. This BWC design features King Faisal II seen at right and in the
watermark at left. Kennet signature seen at bottom. Some splits, rust, and corner damage mentioned by PMG in the holder, but the note
remains exceptional for the grade per the detail still visible on the important areas of the note.
PMG Very Good 10 Net. Splits, Rust, Corner Damage $800-$ 1200
Pristine Iranian Color Trial Specimen
1205 National Bank of Iraq. 1 Dinar, ND (1950). P-29cts. Color Trial Specimen. A distinct color trial as the issued design is blue. This low
denomination note is seen in pristine condition with punch cancels in the signature panels.
PCGS Superb Gem New 67 PPQ $3000-$5000
Page 64
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
IRELAND
1206 Provincial Bank of Ireland Limited. 50 Pounds, 1883.
P-335r. Remainder. A very scarce and desirable issue as
these are seldom offered in public auctions or in private.
Even the most advanced collections are likely missing this
piece. A cutout is seen in the signature panel separating the
design from the issued type. A rare 50 Pound remainder.
PMG Uncirculated 61 $600-$1000
IRELAND, REPUBLIC
1207 Central Bank. 20 Pounds, 1976. P-67c. This stunning
Lady Lavery design features bold inks, great centering, and
excellent embossing.
PMG Choice Uncirculated 64 EPQ $700-$ 1000
1208 Treasury of the Irish Republic. 5 Dollars, 1866. P-S101.
Sheet of 3. Uncut sheet of B, C, and D National Promissory
Bonds Printed by The Continental Bank Note Company.
Theobald Wolfe Tone pictured at right. In the borders, the
names of numerous Irish areas are listed.
PMG About Uncirculated 53
ISLE OF MAN
1209 Isle of Man Government. 10 Shillings, ND (1961-67).
P-24cts. Color Trial Specimen. Printed in purple and
multicolored. Punch cancels at the signature panels.
Specimen serial numbers and overprints.
PCGS Choice About New 58 $300-$500
Very Scarce Pick 1
Italian Somaliland Note
ITALIAN SOMALILAND
1210 V. Filonardi & Co. 5 Rupias, 1893. P-1. This is the first time
we have offer this very rare 5 Rupias note that exceeds 120
years of age. It is believed this note was created by the Italian
Government to help oversee the interests of Italy in the
Somali area of the time. White star at center with a stamp-
like perforated left margin. Embossing seen in the seal at
left.
PMG About Uncirculated 50 $3000-$5000
...$1500-$2000
Bid online at www.stacksbowers.com
Page 65
The January 2017 NYINC Auction
ITALIAN SOMALILAND
1211 Cassa Per La Circolazione Monetaria Della Somalia.
10 Somali, 1950. P-1 3a. Light circulation and still bright
detail and color throughout. Some blue ink at top center
is observed and mentioned by PMG in the comments
section of the holder. Even with those mentions, this is still
a gorgeous example for the type.
PMG About Uncirculated 50 $600-$ 1000
From the Yuri Solovey Collection.
ITALY
1212 Banca DTtalia. 50,000 Lire, 16.5.1972. P-99c. One of the
most popular notes of this era for Italian currency with a
detailed portrait vignette of Leonardo Da Vinci at right. Just
minor circulation is observed.
PMG About Uncirculated 55 EPQ $800-$ 1200
From the Yuri Solovey Collection.
1213 Banca DTtalia. 500,000 Lire, 1997. P-118. An always
desirable, and increasingly popular, highest denomination
note for this series and offered here in a brilliant Gem
Uncirculated state.
PMG Gem Uncirculated 66 EPQ $700-$ 1000
JAMAICA
1214 Government of Jamaica. 5 Shillings, 1953-58. P-37b.
A pack fresh Superb Gem KGVI Five Shillings that will
certainly appeal to collectors. Fantastic margins and
centering are seen that are sure to please collectors. These
TDLR notes are not typically seen with the margins observed
in this example.
PMG Superb Gem Uncirculated 67 EPQ $500-$ 1000
JAPAN
1215 Imperial Japanese National Bank. 1 Yen, ND (1877).
P-20s. Specimen. A large format Specimen seen here with
a trio of punch cancellations in the note and “1” on the
counterfoil. Orange and green overprints. A scarce 1 Yen
Specimen from the Imperial Japanese National Bank.
PMG Very Fine 30 $800-$1200
Page 66
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
JAPAN
1216 Great Imperial Japanese National Bank. 5 Yen, ND (1878).
P-21. This rare series seldom is available for collectors and
we have only handled this 5 Yen denomination a handful
of times. The note is part of the short lived 1877-78 series
with only the 1 and 5 Yen denominations issued. This 5 Yen
piece is VF quality, but still retains very pleasing detail and is
mentioned with only a minor repair which we cannot locate
looking through the encapsulation surface. The last VF 30
we offered realized $7,170.00 as lot 53386 in our August
2012 Hong Kong sale. An important opportunity.
PMG Very Fine 30 Net. Closed Pinholes $3000-$5000
1217 Bank of Japan. 1000 Yen, ND (1945). P-45s3. Specimen.
A very rare Japanese Specimen seen here in Gem condition.
Four punch cancellations at center. By far the finest example
of this type we have offered. Seen with great centering and
excellent embossing.
PCGS Gem New 65 PPQ $1250-$1750
JORDAN
1218 Currency Board. 5 Dinars, 1949. P-3a. This is the second
highest denomination of the series. Seen here in very
pleasant condition. The note is exceptional for the grade,
and faces up much nicer than the grade indicates. Some
minor handling accounts for the grade.
PMG Extremely Fine 40 $1000-$ 1500
Bid online at www.stacksbowers.com
Page 67
The January 2017 NYINC Auction
JORDAN
1219 Central Bank of Jordan. 5 & 10 Dinars, 1959 (ND 1965). P-1 Is & 12s. Specimens. 2 pieces in lot. A pair of 5 and 10 Dinar specimens
seen here in problem-free gem condition with King Hussein seen in their watermarks.
PMG Gem Uncirculated 66 EPQ $900-$ 1200
1220 Central Bank of Jordan. 1/2 to 10 Dinars, ND (1959). P-13s to 16s. Specimens. 4 pieces in lot. Jordan notes from its Central Bank.
All graded by PMG ranging from 64 to 67 EPQ. Punch cancelled at the signature panels through the signatures, with black specimen
overprints. Pick 13s and 14s seen in PMG 66 EPQ, Pick 15s seen in 64 EPQ and Pick 16s seen in 67 EPQ.
PMG Choice Uncirculated 64 EPQ to Superb Gem Uncirculated 67 EPQ $1500-$2000
1221 Central Bank of Jordan. 1/2 to 20 Dinars, ND (1975-92). P-17sl, 18sl, 21s2, 22sl. Specimens. 4 pieces in lot. A stunning TDLR
Specimen set from Jordan. Each piece containing red “SPECIMEN” overprints and TDLR stamps. Punch cancelled at the signature
panels. Pick 17sl seen in 66EPQ, 18sl in 67EPQ, 21s2 in 64EPQ, and 22s 1 in 65 EPQ.
PMG Superb Gem Uncirculated 64 to 67 EPQ $1500-$2500
1222 Central Bank of Jordan. 1/2 to 20 Dinars, ND (1975-92). P-17s3-22s2. Specimens. 6 pieces in lot. This stunning lot of (6) high
grade banknotes from Jordan all feature red overprints on a bright colorful and detailed design. Great margins and centering, with
exceptional paper quality and wonderful embossing. Watermark of King Hussein on each note. Scarcely available together in such
excellent condition.
PMG Choice Uncirculated 64 EPQ to Superb Gem Uncirculated 67 EPQ $4000-$5000
Page 68
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
JORDAN
1223 Central Bank of Jordan. 1/2 to 20 Dinars, 1992. P-23sl to 27s. Specimens. 5 pieces in lot. Jordan Specimen notes ranging in
denomination from 1/2 Dinar to 20 Dinars. Red “SPECIMEN” overprints. King Hussein Watermarks. Well centered and completely
problem-free as one would expect in such grades.
PMG Gem Uncirculated 66 EPQ to Superb Gem Uncirculated 67 EPQ $1200-$ 1500
1224 Central Bank of Jordan. 1/2 to 20 Dinars, 1995-2001. P-28sl to 32sl. Specimens. 5 pieces in lot. King Hussein in headdress on all
notes in this lot. Vibrant colors and design with each note featuring different thematic tones. Red “SPECIMEN” overprints. Pick 30s 1
CU 64 EPQ, Pick 28s 1, 3 lsl, and 32s 1 seen in 66 EPQ, and Pick 29s 1 in 67 EPQ.
PMG Choice Uncirculated 64 EPQ to Superb Gem Uncirculated 67 EPQ $1500-$2000
1225 Central Bank of Jordan. 50 Dinars, 1999. P-33s. Specimen. This pleasing 50 Dinars Specimen from Jordan features a red “SPECIMEN”
overprint on an ornate and colorful design.
PMG Superb Gem Uncirculated 68 EPQ $1500-$2000
Bid online at www.stacksbowers.com Page 69
The January 2017 NYINC Auction
JORDAN
1226 Central Bank of Jordan. 1 to 50 Dinars, 2002-12. P-34s to 38s. Specimens. 5 pieces in lot. Portraits of Abdullah, Ali and Hussein. Red
“SPECIMEN” overprints. All notes have great centering and are problem-free. Pick 34s seen in 65 EPQ, Pick 35s, 37s, and 38s in 66 EPQ,
and Pick 36s in 67 EPQ.
PMG Gem Uncirculated 65 EPQ to Superb Gem Uncirculated 67 EPQ $1500-$2000
KUWAIT
1227 Central Bank of Kuwait. 10 & 20 Dinars, 1968 (ND 1992). P-2 la & 22a. 2 pieces in lot. A Superb Gem Kuwait duo seen here in
problem-free condition with vibrant inks and near perfect detail. Signature combination #7.
PMG Superb Gem Uncirculated 67 EPQ $600-$ 1000
1228 Central Bank of Kuwait. 1/4 to 20 Dinars, 1968. P-23f, 24f, 25f, 26f, 27 & 28. 6 pieces in lot. All of these problem-free pieces feature a
low serial number of 52. Pick 23f and 28 seen in Gem 65, 24f and 27 seen in Gem 66, and 25f and 26f seen in Superb Gem 67.
PMG Gem Uncirculated 65 EPQ to Superb Gem Uncirculated 67 EPQ $600-$ 1000
Page 70
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
KUWAIT
1229 Central Bank of Kuwait. 1/4 to 20 Dinars, 1968 (ND 1994). P-23s to 28s. Specimens. 6 pieces in lot. A vibrant and problem-free
Specimen set from modern Kuwait. These notes are scarce in any grade but are increasingly difficult to find in this condition especially
now that demand for them has picked up so much over the recent years. Pick 23s, 24s, and 28s seen in Gem 65 EPQ, Pick 26s and 27s in
Gem 66 EPQ, and Pick 25s in Superb Gem 67 EPQ.
PMG Gem Uncirculated 65 to 66 EPQ & Superb Gem Uncirculated 67 EPQ $2500-$3500
1230 Central Bank of Kuwait. 1/4 to 20 Dinars, 1968 (ND 1994). P-23s-28s. Specimens. 6 pieces in lot. One of a couple groupings of these
Kuwait 1968(ND 1994) series notes. Each piece seen with red overprints. Serial numbers 1680 on each note. Pick 23s, 25s, and 28s are
seen in PMG 65 EPQ, while the rest are all PMG 66 EPQ.
PMG Gem Uncirculated 65 & 66 EPQ $2500-$3500
Bid online at www.stacksbowers.com
Page 71
The January 2017 NYINC Auction
KUWAIT
1231 Central Bank of Kuwait. 1/4, 1/2, 1, 5 ,10 & 20 Dinars, L.1968. P-23s to 28s. Specimens. 6 pieces in lot. A desirable Kuwait Specimen
set that always receives attention, especially when all pieces are original and uncirculated. 23s, 24s, and 27s all seen in 64PPQ, 25s and
28s seen in 65PPQ, and 26s seen in 66PPQ.
PCGS Very Choice New 64 PPQ to PMG Gem New 66 PPQ $2000-$3000
Rare “Liban” 5 Livres
LEBANON
1232 Banque de Syrie et du Liban. 5 Livres, 1.9.1939. P-27b. This note represents the second most scarce for this design by overprint variety.
Two parallel red diagonals are seen on the face and back. The ‘Lebanon Paper Money and Coins’ book lists the rarity of this note at 30
known examples which surely will create significant attention among collectors. PCGS mentions Small Rust Stains in the comments
section. Very minor blemishes for a note that’s typically found in much worse condition.
PCGS Very Fine 30 Apparent. Small Rust Stain $2000-$3000
Page 72
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Vibrant BWC Color Trial Specimen
LEBANON
1233 Banque de Syrie et du Liban. 10 Livres, ND (1939). P-28cts. Color Trial Specimen. A lovely Color Trial Specimen printed by Bradbury
Wilkinson. Seen without the overprints and typical purple color found on the issued version of these notes. Instead, the note is seen with
the absence of the elaborate “ A ”, and “//” overprints and printed in a green dominant color way. BWC specimen sea seen at the bottom
right. Clock tower of the Grand-Serail seen at left. Detailed lathe work seen in the multicolored underprint. Printer s Annotation on the
reverse top margin reading “31” right next to the “SPECIMEN OF NO VALUE” overprint. Previously Mounted mentioned by PMG in
the comments section of the holder.
PMG Choice About Uncirculated 58 $5000-$7000
10 Livres Color Trial Specimen
1234 Banque de Syrie et du Liban. 10 Livres, 1939. P-28b. Although seen here in a low end state of preservation, the note is still quite
challenging and the design is typically seen with “Liban” overprinted at top margin. Nice color and detail for the grade with several
internal splits mentioned along with missing piece in the comments section of the holder.
PMG Fine 12 Net. Splits, Missing Piece $900-$ 1200
Bid online at www.stacksbowers.com
Page 73
The January 2017 NYINC Auction
Lebanon “Magic Carpet Note” Specimen
LEBANON
1235 Banque de Syrie et du Liban. 100 Livres, 1.12.1945. P-53s. Specimen. This is a numismatic favorite for those involved in the collecting
of World Banknotes. The note shows a tremendous design with highly ornate and colorful devices gracing the entire face of the note.
The reverse shows with a cedar tree in the foreground of a vast mountain range. This note is known to collectors as the Magical Carpet
note, for its masterful detail and design. Two Star punch cancellations are seen with a perforated specimen to the right. This high
denomination faces up like it is worthy of a higher grade, with some minor toning in the top margins that can barely be noticed due to
the bold design that we mention for accuracy.
PCGS About New 53 $12,000-$15,000
Page 74
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Liberia 3 Dollar Rarity
LIBERIA
1236 Treasury Department. 3 Dollars, 1857-62. P-8. This very rare Treasury Department note from Liberia is the first we have offered
for the type. This is the only graded example that PMG has in their census thus validating its scarceness. Beautiful elaborate signature
strokes are found in the signature panels. Rust, Tear mentioned by PMG in the comments section. We sold the 1 Dollar in VF 30 for
$2000 back in 2014 and haven’t seen many pieces offered anywhere from this series since.
PMG Very Fine 25 Net. Rust, Tear. $700-$ 1200
LIBYA
1237 United Kingdom of Libya. 10 Piastres, 1951. P-6. 2 pieces in lot. A consecutive Libyan pairing, scarce to begin with, but a bonus here
in that both are Gem. One graded PCGS Gem New 66 PPQ, and the other a superb Gem 67 PPQ.
PCGS Gem New 66 & Superb Gem New 67 PPQ $600-$ 1000
1238 Bank of Libya. 1/4 Pound, 1963. P-23s. Specimen. A very
rare Libyan Specimen with black overprints and perforated
serial numbers. Some toning that we mention for accuracy.
PMG mentions Pinholes in the comments section of their
holder.
PMG Choice Uncirculated 64 $1250-$1750
1239 Bank of Libya. 1/2 Pound, 1963. P-24s. Specimen.
A beautiful Gem seen in a low denomination that features
exquisite detail. Black overprints, and perforated specimen
serial numbers. Good embossing also present.
PMG Gem Uncirculated 66 EPQ $1500-$2000
Bid online at www.stacksbowers.com
Page 75
The January 2017 NYINC Auction
LIBYA
1240 Bank of Libya. 5 Pounds, 1963. P-31. An underrated design
type and seen here with fantastic color and detail that give
the note the appeal of an Uncirculated piece. Minor Rust
mentioned in the comments section.
PMG Choice About Uncirculated 58 Net.
Minor Rust $800-$ 1200
WWII 500 Lire
1241 Military Authority in Tripolitania. 500 Lire, ND (1943).
P-M7a. A very scarce note which is the second highest
denomination for the issue. A much more difficult
denomination than the 1000 Lire of the same series, which
recently sold for well over $13,000. The note shows the
appearance of a higher grade with nice detail and color with
just hints of circulation and handling preventing a gem
designation. Likely the last of these pieces we will handle
anywhere near this condition for quite some time.
PMG About Uncirculated 55 $7000-$8000
MACAU
1242 Banco Nacional Ultramarino. 1 Pataca, 1.1.1912. P-7. A
design which becomes extremely rare in higher grades with
only pieces like the presently offered note being typically
available. Still scarce in any grade and seen here with
pleasing appeal. A few minor internal splits and light rust
are both mentioned for accuracy on this pleasing note.
PCGS Fine 12 $1500-$2000
MADAGASCAR
1243 Banque de Madagascar Et Des Comores. 5000 Francs,
1950-55. P-49a. A very scarce Issued note and the first of
the type we have offered of this ultra high denomination,
medium format design. This is, in fact, the highest
denomination of the series. Joseph Gallieni pictured at left.
Pinholes mentioned in the comments section of the holder
can be seen upon close inspection, but they do not distract
from the beauty and detail of the overall design.
PMG Very Fine 25 $500-$ 1000
Page 76
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
MALAWI
1244 Reserve Bank of Malawi. 10 Shillings, 1964. P-2Aa. A
striking pack fresh example which is underrated in this state.
PMG Gem Uncirculated 66 EPQ $600-$1000
MALAYA
1245 Board of Commissioners of Currency Malaya. 10 Dollars,
1940. P-1. A nice piece seen with King George at right. Regal
violet borders seen with good registration. Watermark of
Lions Head.
PMG Choice Extremely Fine 45 $1000-$2000
MALAYA & BRITISH BORNEO
1246 Board of Commissioners of Currency Malaya & British Borneo. 50 Dollars, 1953. P-4b. (KNB4a) Just faint circulation and problem-
free paper for the grade on this 50 Dollar note. Scarcely offered past the Very Fine grade.
PMG Choice Extremely Fine 45 $700-$ 1200
Stunning Malaysia Color Trial Specimen
MALAYSIA
1247 Bank Negara. 1 Ringgit, ND (1967-72). P-lcts. Color Trial Specimen. A highly desirable Color Trial as it is for the first catalog number
in Pick for Malaysia. This is serial number 2, and as such is believed to be only the 2nd printed Color Trial Specimen of this example.
One punch cancellation seen at center. PMG mentions the note was Previously Mounted in the comments section of the holder. This is
typical for Color Trial Specimens, as they were often mounted for presentation purposes.
PMG Choice Uncirculated 64 Net. Previously Mounted $3000-$5000
Bid online at www.stacksbowers.com
Page 77
The January 2017 NYINC Auction
1248 NO LOT.
5 Ringgit BWC Color Trial Specimen
Color Trial Specimen
y TYH Malaysia, isamc rvegara c,oior i
1V1\J Pick# 2cls KNB2 ND (1967-72) 5 Ringgit
Previously Mutinied
SIN 63 - Printer BWC • Wmk: Tiger s Hoad
mi in ii i Munii iiiriuiniin k i
SMCIUlM or VALUI
MALAYSIA
1249 Bank Negara. 5 Ringgit, ND (1967-72). P-2cts. Color Trial Specimen. This is the second Color Trial Specimen of the same series we
are privileged to offer in this sale. Seen with the Tigers Head watermark present and a red “SPECIMEN” overprint at center just above
the punch cancellation. Colorful lathe design with greens, blues, purples, and oranges meshing together in a gradient fashion. PMG also
mentions the note was Previously Mounted in the comments section of the holder, which again is commonly seen on Color Trials.
PMG Choice Uncirculated 64 Net. Previously Mounted $4000-$6000
1250 Bank Negara. 5 Ringgit, ND (1976). P-8s. Specimen. A
BWC Gem Specimen from Malaysia seen with a geocentric
guilloche design throughout, including the borders on
each side of the note. Well centered with excellent margins
and centering that should be expected with Gems. Red
overprints that indicate the note is a Specimen.
PMG Gem Uncirculated 66 EPQ $2000-$3000
1251 Bank Negara. 5 Dollars, ND (1974). P-Unlisted. Printer’s
Model. A nice pairing of the BWC s 5 Dollar note from the
Bank Negara. The pairing has (2) notes mounted on each of
the encapsulated sheets. The sheets are meant to be laid side
by side as pictured above. A scarce offering as these Printer s
Models seldom escape to the publics eye.
Choice About Uncirculated $1500-$2000
Page 78
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Malaysian Specimen and Progressive Proof Set
r
^ l ( . \ k \ \i \ i . u s i;
^ Malaysia, Bank Negara "Progressive Proor
Wj^I IVlVJ Pick* 25pp KNB30 ND (1982) 500 Ringgil
DlV/If' Malaysia, Bank Negara "SPLCII
mPi lVIO Pick* 25s K\B30 ND (1982-SI) 500 Ringgil
rvn* money guaranty S/N 7.VOOAOOOO - Printer BWC - Sign. A .A. Tmha
1TIVJ Pick* 25pp KNB30 ND(1982) 500 Ringgit
rAnx money guaranty Printer: BWC
r»]\ /f Malaysia, Bank Negara "Progressive Proor
C^r'lVIAj Pick* 25pp KNB30 \D( 1982) 500 Ringgit
f>T\ M /~"i Malaysia, Bank Negara 1 Progressive Proor _ —
OjPilVlVJ Pick# 25pp KNB30 ND (1982) 500 Ringgit t)
5ft — [T--- 6 -Jcr$ a-6
CttfloMffts Gap
MALAYSIA
1252 Bank Negara Malaysia. 500 Ringgit, ND (1982). P-25s & 25pp. Specimen & Progressive Proofs. 6 pieces in lot. The 500 Ringgit
design is seen in different stages of production in this set. One Specimen is seen featuring the completed BWC design. The other pieces
include a full Color Trial of the completed back design, along with (2) partially completed back designs with different Color Trials. An
artist Proof design of the front is also included. That piece features artist notations and pencil markings throughout the design. The
final piece is a nearly completed design as a Color Trial with only the absence of serial numbers and the underprints. These sets are
seldom seen and highly desirable, as it is difficult to find groupings that feature the development of a bank note through some of its most
important stages.
PMG About Uncirculated 53 & 55 EPQ to Choice About Uncirculated 63 & 64 $30,000-$35,000
Bid online at www.stacksbowers.com
Page 79
The January 2017 NYINC Auction
MALDIVES
1253 Maldives Monetary Authority. 2 Rufiyaa, 1983. P-9pp. Progressive Proof. 3 sheets in lot. This trio of sheets contains (2) pieces a
sheet of the progressive proofs for this Pick 9 design for the 2 Rufiyaa denomination. Beautiful detail seen, and an awesome offering for
someone looking to have a visual documentation of the designs progression.
Choice About Uncirculated $500-$ 1000
1254 Maldives Monetary Authority. 5 Rufiyaa, 1983. P-1 0pp. Progressive Proofs. 3 sheets in lot. Another trio for the Maldives, this one
featuring the higher denomination of 5 Rufiyaa. Beautiful color and originality displayed. Another good offering for a collector of
progressions.
Choice About Uncirculated $500-$ 1000
1255 Maldives Monetary Authority. 2 to 100 Rufiyaa, 1983-87. P-9s to 14s. Specimens. 6 pieces in lot. An absolutely stunning six-note set
from Maldives in Gem condition. All note feature vibrant color schemes and the sailboat at right with the watermark of Arms. All notes
have red “SPECIMEN” overprints and black serial numbers that read A000000.
PMG Gem Uncirculated 65 EPQ to Superb Gem Uncirculated 68 EPQ $800-$ 1200
Page 80
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
MALI
1256 Banque de la Republique du Mali. 50 Francs, 1960-67. P-6 & 6s. Issued & Specimen. 2 pieces in lot. One of four Issued and Specimen
pairings of this 1960 Mali series. The Gem of this pairing is the specimen and the Issued seen with some circulation.
PMG About Uncirculated 55 & Gem Uncirculated 65 EPQ $750-$1000
REPUBLIQUE DU MALI IOO
A 000000
GENT FRANC)
-*■ T)i\ m Mali, Banque de la Republique
^PrJVlVJ Pick#7 * l»eO<M>l 9 « 7 ) 100 Franc*
PAFf Ji mom v gummy S/N A 000000 88 - Printer; TDLR
SPECIMEN
1257 Banque de la Republique du Mali. 100 Francs, 1960. P-7 & 7s. Issued & Specimen. 2 pieces in lot. This Mali 100 Francs pairing of (1)
Specimen and (1) Issued note features a problem-free Gem Specimen and a lightly circulated Issued note.
PMG About Uncirculated 55 & Gem Uncirculated 65 EPQ $800-$ 1000
1258 Banque de la Repulique du Mali. 5000 Francs, 1960. P-lOs. Specimen. This TDLR design printed on September 22, 1960. Mans head
seen in the watermark. A very pleasing high grade Gem.
PMG Gem Uncirculated 66 EPQ $800-$ 1200
Bid online at www.stacksbowers.com
Page 81
The January 2017 NYINC Auction
Rare Bank of Mexico
100 Pesos Remainder
hi AMtfusrMAUfnt
- 9 - nm Mexico, Banco de Mexico
IVlvJ pick# 9r lgm 100 Pesos
paper money guaranty S/N A. 1 030 - Remainder
Choice IfurirL-Lihiccf!
MEXICO
1259 El Banco de Mexico. 100 Pesos, 1866. P-9r. Remainder. (M22) Without signatures. This highly rare large format Banco de Mexico
type is quite spectacular and is often a piece missing in even advanced collections. Shown with large depiction of the Mexican coat of
arms at top center with an eagle attacking a snake and allegorical figures at upper left and right representing Industry and Commerce
respectively. Complete coat of arms at lower center with “Equal Justice” below. Overprinted block letters and numbers with serial
number “000030,” at center. Terrific overall quality with just handling likely preventing a Gem assessment.
PMG Choice Uncirculated 64 $4000-$5000
Page 82
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
MEXICO
1260 El Banco de Jalisco. 100 Pesos. P-325s. Specimen. A scarce
offering of a popular Mexican bank. Notes from the Banco
de Jalisco typically carry a premium. This example seen with
oversized selvage.
Uncirculated $600-$ 1000
1261 El Banco de Campeche. 5 Pesos, ND (1903-09). P-S108s.
Specimen. (MPM-59s) A scarce Bank which shows here
in striking from with perfectly original paper and vibrant
detail. Red overprints and punch cancel holes on this
problem free ABNC gem.
PMG Gem Uncirculated 65 EPQ $700-$ 1000
1 263 El Banco Mercantil de Monterrey. 50 Pesos, ND (ca. 1 906) .
P-S355As. Specimen. (M427s2). A scarce Mercantil de
Monterrey banknote printed by the American Bank Note
Company. Orange underprint with a vivid portrait at left,
and vignette at right. Punch cancelled at the signature panel.
PMG Superb Gem Uncirculated 67 EPQ $800-$ 1200
1264 El Banco Yucateco. 100 Pesos, ND (ca.1898). P-S471s2.
Specimen. (MPM-568s) A lovely specimen note from
Banco Yucateco which shows with a lovely layout and nice
color throughout. The reverse shows in a brilliant red-
orange hue with heavy amounts of geometrical devices.
PMG Choice Uncirculated 64 EPQ $600-$1000
1262 El Banco de Campeche. 10 Pesos, ND (1903-06). P-S109s.
Specimen. (MPM-60s). A continuation of the series from
the last lot with this 10 Pesos note enjoying a colorful
yellow- red under-print and pleasing village vignette at
center of reverse. A bit of ink at the top center margin and
semi-broad corner tip fold are all we mention. Very rare in
issued form leaving vivid specimens such as this a highly
attractive alternative.
PMG Superb Gem Uncirculated 67 EPQ $800-$ 1200
Bid online at www.stacksbowers.com
Page 83
The January 2017 NYINC Auction
MEXICO
1265 Mixed Banks. Mixed Denominations, Mixed Dates. P- Various. 11 pieces in lot. Included in this offering are Pick numbers
SI 75s, SI 76s, S206, S254p, S262pl, S276p, S378s, S392s, 410s, S424s, & S371s. A hybrid of Proofs, Specimens, and Issued notes.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY RECOMMENDED. NO RETURNS WILL BE ACCEPTED ON THIS
LOT FOR ANY REASON.
Various Grades $1200-$ 1800
MONGOLIA
1266 Commercial & Industrial Bank. 50 Tugrik, 1941. P-26. A
medium format Mongolian note seen with a nice gradient
undertint. This note has nice margins and is seen in fully
original condition.
PCGS Very Choice New 64 PPQ $500-$1000
MOROCCO
1267 Banque D’Etat Du Maroc. 100 Francs, 1943-44. P-27s.
Specimen. A colorful and intricate design seen on this
Moroccan Specimen. The vibrant eye catching inks make
this one of the more popular and collectible designs.
Choice Uncirculated $600-$ 1000
Page 84
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
MOZAMBIQUE
1268 Banco Nacional Ultramarino. 100 & 500 Escudos, 1961-76. P-109cts, HOcts, 117s, & 118s. Color Trial Specimens & Specimens. 4
pieces in lot. Both color trials observed in PMG 66 EPQ with fantastic color and centering. Pick 117s seen in 66 EPQ, and 118s seen in
65 EPQ.
PMG Gem Uncirculated 65 & 66 EPQ $600-$ 1000
NETHERLANDS
1269 Muntbiljet. 1 & 10 Gulden, 1943. P-64 & 66. Proofs. 4 pieces in lot. Nice centering seen on these proofs. 1 Gulden and 10 Gulden
denominations, with the front and backs of each seen on their own piece of card stock. Each piece is unicolor.
Choice Uncirculated $1000-$2000
1270 Nederlandsche Bank. 50 Gulden, 1.5.1945. P-78s.
Specimen. “SPECIMEN” overprints and serial number
XA 123045. Some mounting remnants at the corners and a
small gutter-fold at the lower right. Challenging to locate in
this specimen form.
PMG About Uncirculated 53 Net.
Previously Mounted $700-$ 1000
From the Yuri Solovey Collection.
1271 Nederlandsche Bank. 100 Gulden, 7.5.1945. P-79s.
Specimen. “SPECIMEN” overprints and regular issue serial
numbers. An elusive design in any form and seen here with
sharp detail and lovely color. Mounting remnants at the
corners.
PMG Choice Uncirculated 64 Net.
Previously Mounted $1000-$ 1500
From the Yuri Solovey Collection.
1272 Nederlandsche Bank. 1000 Gulden, 7.5.1945. P-80s.
Specimen. “SPECIMEN” overprints and regular issue serial
numbers. This highly scarce 1,000 Gulden type is the first
we have offered in any form. Seen in a small format with
portrait of William de Zwiljger at right phoenix watermark
left. Just some light stains and minor rust reported by PMG.
PMG Choice About Uncirculated 58 Net.
Rust, Stains $2000-$3000
From the Yuri Solovey Collection.
1273 Nederlandsche Bank. 25 Gulden, 19.3.1947. P-8 Is.
Specimen. “SPECIMEN” overprints and serial numbers.
A popular design and only hindered by some mounting
remnants. Scarce in this form. Previously Mounted reported
by PMG.
PMG Choice Uncirculated 63 Net.
Previously Mounted $1000-$ 1500
From the Yuri Solovey Collection.
Bid online at www.stacksbowers.com
Page 85
The January 2017 NYINC Auction
NETHERLANDS
1274 Nederlandsche Bank. 100 Gulden, 9.7.1947. P-82s.
Specimen. “SPECIMEN” overprints and serial numbers.
Just a bit of rust and mounting remnants on this 100 Gulden
design type which are noted by PMG.
PMG Choice Uncirculated 63 Net.
Previously Mounted, Rust $1000-$ 1500
From the Yuri Solovey Collection.
1275 Nederlandsche Bank. 10 Gulden, 4.3.1949. P-83s.
Specimen. “SPECIMEN” overprint and serial number. A
nice match to the 1945 dated specimen we are also offering
for this design.
PMG Choice Uncirculated 64 $700-$ 1000
From the Yuri Solovey Collection.
1276 Nederlandsche Bank. 25 Gulden, 1.7.1949. P-84s.
Specimen. “SPECIMEN” overprints and serial numbers.
One of a fantastic grouping of specimen notes we are offering
on the Netherlands with this appealing piece retaining
strong color and detail throughout. Stains mentioned by
PMG.
PMG Choice About Uncirculated 58 Net.
Stains $800-$ 1200
From the Yuri Solovey Collection.
1277 Nederlandsche Bank. 1000 Gulden, 30.3.1972. P-94a. This
absolutely stunning high grade gem 1000 Gulden note is the
first we have had the opportunity to offer, and the finest
ever offered from a public auction house. Fully original with
punch through embossing.
PCGS Superb Gem New 67 PPQ $1500-$1750
1278 Nederlandsche Bank. 1000 Gulden, 1972. P-94. A more
modern issue, but scarce in this Gem condition, seen with
a pyramid in bowl watermark. Printed by JEZ. Baruch
D’Espinoza seen at right.
PMG Gem Uncirculated 66 EPQ $1000-$ 1500
NETHERLANDS INDIES
1279 Government. 100 Gulden, 1846. P-43r. Remainder. With
the exception of some stains mentioned by PMG in the
comments section of the holder, this note has exceptional
eye appeal. Punch through embossing can be noticed
through the holder. The embossing and vibrant bold inks
are surprisingly pleasing for an example of this age.
PMG About Uncirculated 53 Net. Stains $1000-$2000
Page 86
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
NETHERLANDS INDIES
1280 Javasche Bank. 5 Gulden, 15.1.1942. P-86s. Specimen.
This is a unique offering in that its the first PPQ designated
version of this note offered in auction. Typically all examples
prior to this have been found problematic with defects. A
minor fold is the only prevention from a Gem designation.
Perforated cancelled along the signature panels.
PCGS Choice About New 58 PPQ $600-$ 1000
Stunning Large Size
100 Franc Gem
Egg
PUS? fSSS I
wwhtw
I llllllllllllt.il
fttPS FGS F£5 \
NEW HEBRIDES
1281 Banque de LTndo-Chine. 100 Francs, ND (1941-45).
P-1 0s. Specimen. A stunning problem free large format
Specimen. Seen with boardwalk margins, with a detailed
portrait at center and an ornate border surrounding the
inside margins. Perforated Specimen written punched
through on the left side of the note.
PCGS Gem New 66 PPQ $900-$ 1200
NEW ZEALAND
1282 The Reserve Bank of New Zealand. 10 Pounds, ND (1956-
67). P-1 61c. This without security strip variety is far more
scarce than those with and the quality observed is terrific.
Deeply embossed inks, lovely color and excellent centering.
PMG Gem Uncirculated 65 EPQ $900-$ 1200
1283 The Reserve Bank of New Zealand. 10 Pounds, ND
(1967). P-161d. A nice New Zealand 10 pound note from
1967. A faded out annotation can be seen in the left of the
top margin that we mention for accuracy.
PCGS Choice New 63 $600-$1000
1284 NO LOT.
NIGERIA
1285 British Administration. 1 Shilling, 1918. P-1. This scarce
Nigerian note is the first issued note in the catalog. Large
oversized treasurer signature. Green ink on tan paper. Black
serial numbers.
PMG Choice Very Fine 35 $1750-$2250
Bid online at www.stacksbowers.com
Page 87
The January 2017 NYINC Auction
OMAN
1286 Sultanate of Muscat & Oman. 100 Baiza to 10 Rials, ND (1970). P-1 a to 6a. 6 pieces in lot. This unique Gem offering features the 6
earliest Oman issues. All notes but the 4a and 5a, which are PMG Gem 66 EPQs, were given PMG Superb Gem 67 EPQ designations.
Bold inks and vivid detail are seen on each piece.
PMG Gem Uncirculated 66 EPQ to Superb Gem Uncirculated 67 EPQ. $1500-$2000
Gem Oman Color Trial Set
^ OIV/I/^ 0man » Currency Board "Color Trial Specimen
lVHj Pick# 8cls ND (1973) 1/4 Rial Omani
MKJt MONEY guaranty S/N B I 000000 171- Wmk: Arms
Oman, Currency Board
Color I nal Specimen
mvPMG
r T J.VJ Pick# 7cls ND (1973) 100 Bui/a
papm mosey gcajunty S/N B 1 000000 137 - Wmk: Arms
1287 Oman Currency Board. 100 Baiza to 1 Rial Omani, ND (1973). P-7cts to lOcts. Color Trial Specimens. 4 pieces in lot. “SPECIMEN”
overprints, serial numbers and punch cancels. A quartet of the lower denominations in this scarce Color Trial Specimen form. All
in striking condition with the 100 Baiza and 1/2 Rial Omani in Superb Gem Uncirculated 67 EPQ and the other two piece in Gem
Uncirculated 66 EPQ. Rarely offered in such a manner and worthy of a premium bid.
PMG Gem Uncirculated 66 EPQ & Superb Gem Uncirculated 67 EPQ $4000-$5000
Page 88
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
OMAN
1288 Central Bank of Oman. 1/4 Rial, ND (1977). P-15s.
Specimen. A fully original Gem Oman Specimen offered
here in the 1/4 Rial Denomination. Red “SPECIMEN”
Overprint. Specimen No. 340.
PMG Gem Uncirculated 66 EPQ $500-$750
1289 Central Bank of Oman. 50 Rials, 1985-92. P-30s.
Specimen. A highly sought after 50 Rials Specimen that
we are offering in a PMG 67 Superb Gem. This note is
exceptionally rare as PMG has only graded two, this note
being the finer of them. This note has no punch cancellation.
It does however have an abundance of red overprints. Well
centered with an ornate border and a very vibrant color way.
Great registration also cementing its validation for Gem
status.
PMG Superb Gem Uncirculated 67 EPQ $2000-$3000
PALESTINE
1290 Palestine Currency Board. 5 Pounds, 1944. P-8d. Prefix
D. A note which shows detail and color the would rival a
higher grade. These 5 Pound notes are highly scarce in any
state, and this 1944 dated example is one of the finer we
have had the pleasure to handle. Only some minor splits are
mentioned.
PMG Choice Fine 15 Net. Splits $2000-$3000
1291 Palestine Currency Board. 10 Pounds, 1944. P-9d. Prefix
C. One of the most appealing 1944 dated 10 Pound notes
we have offered recently, with this example still showing
bold blue inks making up the primary design. Mostly even
circulation and with only a few small stains and minor rust
as mentioned by PMG in the comments section. Always a
difficult note in any state of preservation.
PMG Very Fine 25 Net. Rust, Stains $2000-$3000
PARAGUAY
1292 Tesoro Nacional. 1 Peso, ND (1864). P-Unlisted.
Specimen. A scarce unlisted Specimen from El Tesoro
Nacional of the Republic of Paraguay. Seen here displaying
a 1 Peso design with the “SPECIMEN” overprint towards
the bottom of the design. Printing annotations seen in the
bottom margin. Some paper damage and staining. Those
incidentals are mentioned in the comments section of the
holder.
PMG About Uncirculated 50 Net. Printer’s Annotation.
Paper Damage, Staining $600-$ 1000
PHILIPPINES
1293 Bank of the Philippines Islands. 5 Pesos, 1.1.1912. P-7a.
The first of two Uncirculated 5 Pesos from 1912 that we are
offering. This one being the finest we have offered. Intaglio
printed. These pieces have a low level survival compared to
later issued notes from the Philippines.
PCGS Very Choice New 64 $600-$ 1000
Bid online at www.stacksbowers.com
Page 89
The January 2017 NYINC Auction
PHILIPPINES
1294 Bank of the Philippines Islands. 5 Pesos, 1.1.1912. P-7a.
Printed by the USBEP. A reddish underprint seen with
allegorical women at left, and bright blue seal at right. Note
of this type are extremely difficult to locate in uncirculated
condition as the humidity and weather of the Philippines
made the preservation of currency over a hundred years of
age unlikely Offered here in a PCGS 63 holder.
PCGS Choice New 63 $600-$1000
1295 Bank of the Philippines Islands. 50 Pesos, 1912. P-1 Ob. A
very scarce 50 Dollar denomination with a unique B11151
serial number. Toning and ink running is seen and the
toning is also mentioned by PMG in the comments section
of the holder.
PMG Choice Very Fine 35 Net. Toning $2000-$3000
1296 Bank of the Philippines Islands. 50 Pesos, 1912. P-1 Ob.
A scarce 50 Pesos banknote from the first series issued by
the Bank of the Philippines Islands. Seen circulated, but still
retains enough detail for it to be a desirable example for
someone looking to collect for the type.
Choice Fine $600-$ 1000
1297 Bank of the Philippines Islands. 100 Pesos, 1.1.1912.
P-1 lb. A high denomination Philippine Islands note
featuring a low 4 digit B 1 8 10 Serial number. PCGS mentions
Masked Rust Stains; Repairs in the comments section.
PCGS Very Fine 20 Apparent.
Masked Rust Stains; Repairs $600-$ 1000
1298 Bank of the Philippines Islands. 10 Pesos, 1928. P-17r. Replacements. 2 pieces in lot. A scarce pairing of these 10 Pesos replacement
notes. The first we have handled of this issue.
Very Good to Fine $500-$ 1000
Page 90
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Extremely Rare Emergency Issue
PHILIPPINES
1299 Philippines National Bank. 5 Pesos, ND (1919). P-43. This very rare find is the first of the type we have had the privilege to offer.
These emergency issues are extremely rare as they were only available for a short period of time, and seldom come up for auction. This
particular low grade example shows all the important details and blackout overprints that one would want to compare in contrast with
the P-7 design this version is overprinted on. PCGS mentions Minor Damage, Small Rust Stains, and Overprint bled through to back in
the comments section of the holder. These are typical defects usually found at this grade level.
PCGS Very Good 8 Apparent. Minor Damage; Small Rust Stains; Overprint Bled Through to Back $6000-$8000
Rare Magellan
100 Pesos
1300 Philippines National Bank. 100 Pesos, 1920. P-50. Magellan pictured at center on this 100 Pesos note, which is also the highest
denomination of the series. This piece is seldom offered in auctions, and it is the first we have offered which shouldn’t be surprising given
that only 200,000 pieces produced. Bleeding of the overprint and some rust spots are seen as is mentioned in the comments section of
the PMG holder.
PMG Choice Fine 15 Net. Rust, Overprint Bleed Through $6000-$8000
Bid online at www.stacksbowers.com
Page 91
The January 2017 NYINC Auction
PHILIPPINES
1301 Philippines National Bank. 1 Peso, 1880. P-56. Conant
pictured at left. Good centering and Punch through
embossing seen. Bright red inks.
PMG About Uncirculated 55 $900-$ 1200
1302 Philippines National Bank. 20 Pesos, 1937. P-59. A rare
offering and the finest we have offered in recent years. These
notes are extremely scarce about a low VF grade. William A.
Jones seen at center. Just a touch of circulation preventing an
uncirculated grade on this 1937 20 Pesos banknote from the
Philippines National Bank.
PCGS Choice About New 55 $1200-$ 1800
1303 Philippines national bank. 20 Pesos, 1937. P-59. A seldom offered issue seen with striking red inks and vivid detail. PMG mentions
rust and retouched in the comments section of the holder for some issues to the left of the notes center.
PMG About Uncirculated 55 Net. Rust, Retouched $1200-$ 1800
1304 Philippines National Bank. 20 Pesos, 1937. P-59. 2 pieces in lot. A pair of gorgeous and rare 20 Pesos notes with vibrant inks. Very
appealing offering of an issue we have not handled in quite some time.
Extremely Fine $600-$ 1000
1305 Treasury Certificates. 1 & 5 Pesos, 1936 & 1941. P-83a, 89b, 89c. 3 pieces in lot. P-83a 1936 5 Pesos seen in Choice Uncirculated 64
EPQ. A pair of 1941 1 Pesos, P-89b seen in VF 25 with mentions of Minor Paper Damage and Foreign Substance, and P-89c seen in CU
63.
PMG Very Fine 25 to Choice Uncirculated 65 EPQ $700-$ 1000
Page 92
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
PHILIPPINES
1306 Treasury of the Philippines. 1 Peso, 1941. P-89a*.
Replacement. (MWR-RE13). A very scarce replacement
note, and the first we have offered. Mabini pictured at left,
bright red seal at right that matches the serial numbers an
pulls out the undertint of the rays in the central part of the
design. Minor circulation seen and mentioned for accuracy.
PCGS Choice About New 55 $600-$ 1000
1307 Treasury of the Philippines. 100 Pesos, ND (1944).
P-1 00a. A stunning high grade example of this 100 Pesos
Treasury Certificate from the heavily collected “Victory”
series. Magellan pictured at left. Good embossing seen
through the reverse side of the holder.
PMG Choice Uncirculated 63 EPQ $1000-$ 1500
1308 Central Bank of the Philippines. 50 Pesos, ND (1949).
P-1 22b. Victory Series No. 66. Lawton pictured at left.
Central Bank overprint on the reverse.
PMG Choice Uncirculated 64 $600-$ 1000
1309 Philippines Currency Board. 50 Pesos, 1942. P-S171a.
Emergency Treasury Certificate. Seen with an Orange 50
Pesos IRS stamp. From the Province of Cagayan. A quick
glance at the PMG Population Report shows that this is the
only graded example.
PMG Extremely Fine 40 $600-$ 1000
1310 Guerrilla Army. 500 Pesos, 1942. P-S422. Portrait of
FDR seen at left. “Keep em flying” symbol seen at far right.
Printed for the Guerrilla Army Forces. Good embossing
seen on this well preserved note.
PMG Choice Uncirculated 64 EPQ $500-$1000
1311 Mixed Banks. 1, 5, 10, & 50 Pesos, ND (1944). P- Various.
9 pieces in lot. P-96 in PMG CU 64, P-94 in PMG CU 63
EPQ, P- 81 in PCGS VF 25, P-57 in PMG CAU 58, P-49
in PMG EF 40, P-22 in PMG CVF 35 EPQ, P-17 in CVF
35, P-14 in PMG CAU 58 Net Minor Rust, Annotation, and
P-8a in PMG VF 25.
Various Grades $800-$ 1200
POLAND
1312 Bank of Danzig. 100 Gulden, 1924. P-55s. Specimen. No
serial number. Perforated “CANCELLED” at bottom right,
small hinge mark on reverse.
PCGSBG Choice Uncirculated 64 Details.
Hinged $1000-$1500
Bid online at www.stacksbowers.com
Page 93
The January 2017 NYINC Auction
POLAND
1313 Bank von Danzig. 20 Gulden, 1937. P-63sp. Specimen
Proof. A scarce Specimen Proof seen with a perforated
“CANCELLED” written on the bottom of the note over the
signature panels. Bright red serial numbers. Crest seen at
left. Good registration with Poseidon seen on the back right
of the note.
PMG Choice Uncirculated 64 $800-$ 1000
1314 Bank of Danzig. 20 Gulden, 1937. P-63. Lions holding
crest at right. Building at center. Portrait as watermark at
right. Allegorical figure on back.
PMG Gem Uncirculated 65 EPQ $900-$ 1200
1315 Bank Polski. 20 & 50 Zlotych, 1939. P-87 & 88. Proof. 4 notes in lot. Face and Back Proofs of the 20 and 50 Zlotych design seen with
the front and back of each denomination mounted onto their own page. September 1942 printed above the face of each note on the two
pages. Printed by the American Bank Note Company.
Choice Uncirculated $1000-$2000
Unique Artist Drawn Proposal
PORTUGAL
1316 El Banco de Portugal. 500 Escudos, ND. P-129 Reverse Side Only. Artist Proposal. A highly appealing Artist Proposal of the back
design of this Bank of Portugal Pick 129 500 Escudos design. The note is placed inside a thick cardboard binding directly from the
Bradbury Wilkinson Company with their logo on the bottom right of the binding. Inside on the note itself, there is printer s annotations
toward the top. We call the note uncirculated as there are no folds, although some minor pinholes, scratches, and other very minor
handling defects are seen but likely caused by the artist as they were hand drawing this piece. Tiny scuffs and markings likely cause from
erasing, or ink and lead spreading from the palm of the artist. A highly desirable and likely unique piece as the design itself has only been
offered as a Specimen $2000-$3000
Page 94
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Sleeping Castilho 1000 Escudos
PORTUGAL
1317 El Banco de Portugal. 1000 Escudos, 1922-26. P-131. A very desirable Portugal note, and the first we’ve handled for the type. A.F.
Castilho pictured with his eyes closed at center. Roulette cancelled under the governors signature panel. Printer s annotations seen in
the top left margin. PCGS mentions Perforated Cancelled, Minor Stains on Back at Right.
PCGS New 62 Apparent. Perforated Cancelled, Minor Stains on Back at Right $7000-$9000
Bid online at www.stacksbowers.com
Page 95
The January 2017 NYINC Auction
PORTUGAL
1318 El Banco de Portugal. 20 Escudos, 1925. P-135. A scarce and underrated issued 20 Escudos note which shows here with the appeal of
a higher grade. Light even circulation along with radiant color and nice centering on this Waterlow and Sons design.
PMG Choice Extremely Fine 45 $1500-$2000
1319 El Banco de Portugal. 500 Escudos, 4.10.1979. P-1 77s. Specimen. A striking Specimen with an aerial view of Portugal in the background
of a portrait of Francisco Sanches. The finest example of this note that we have seen in public auction, and the first we’ve handled.
PCGS Gem New 66 PPQ $600-$800
1320 El Banco de Portugal. 20 to 2000 Escudos, Mixed Dates. P-1 53a, 175e, & 186c. 3 pieces in lot. A dynamic high grade offering from
Portugal with 3 pieces all in a coveted high grade 68, with amazing centering and problem free paper. Pick numbers 153a, 175e, and 186
are observed.
PCGS Superb Gem New 68 PPQ $800-$ 1200
Page 96
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
PORTUGAL
1321 El Banco Allianca. 20000 Reis, ND (1870). P-S142r.
Remainder. Uniface. Light brown front seen on this
Banco Allianca Remainder with the absence of signatures.
Excellent detail remains on this note nearing 150 years of
age.
PMG Choice About Uncirculated 58 Net.
Toned $600-$1000
1322 El Banco Allianca. 100,000 Reis, ND (1870-79). P-S145r.
Remainder. Uniface. Heavy embossing seen on this bright
orange remainder. Bold inks. Wave cut in the counterfoil.
High 6 figure denomination.
PMG Choice About Uncirculated 58 $600-$ 1000
Rarely Seen Issued 1 Rupia
PORTUGUESE GUINEA
1323 El Banco Nacional Ultramarino. 1 Rupia, 1917. P-21A. A very rare piece like many issued Portuguese India notes. This is the first
example for the type that we have offered and it displays the third seal variety. Pleasing detail throughout, and certainly one of the better
examples you will come across. PMG has only graded 3 of these notes with this one only having mentions of Edge Damage, and Stains,
none of which are distracting to the overall appeal.
PMG Very Fine 20 Net. Edge Damage, Stains $1800-$2200
Bid online at www.stacksbowers.com
Page 97
The January 2017 NYINC Auction
PORTUGUESE INDIA
1324 El Banco Nacional Ultramarino. 5 Rupias, 1906 (ND 1906-21). P-1 5s. Specimen. This BWC design shows exquisite detail of this
highly desirable design missing from even the most advanced collections as it is extremely difficult to find as a Specimen and nearly
impossible as an issued note. This particular example is the first we have had the opportunity to offer. There are two seal types for this
issue, with this note carrying the 2nd variation.
The note has overall great eye appeal with bold inks showing vibrant colors. Allegorical figure with trident seen at left. Perforated
cancelled seen above the governor s signature panel. Counterfoil seen fully intact with some light toning. PMG explains in the comments
section of their holder that the note is unaffected by the issues in the counterfoil.
PMG Choice About Uncirculated 58 $3750-$4250
Lovely TDLR 5 Rupias Specimen
1325 El Banco Nacional Ultramarino. 5 Rupias, 1924. P-25 As. Specimen. Red “DECRETO” overprint. A highly popular TDLR Specimen
design which is seen here with great appeal for the technical grade. Nice color remains along with pleasing definition of the inks. “103”
written in the top write as a Printer s Annotation. PMG mentions Previously Mounted in the comments section of the holder.
PMG Choice Uncirculated 64 $2500-$3000
Page 98
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
PORTUGUESE INDIA
1326 El Banco Nacional Ultramarino. 5 Rupias, 1938. P-3 Is. Specimen. Perforations, serial numbers, and punch cancels. One of the more
sought after series produced by TDLR and this 5 Rupias note exhibits strong embossing of the inks, wonderful color, and nice margins.
A bit of damage at one of the punch cancels and some pinholes at upper left are noted for accuracy.
Extremely Fine $1500-$2000
1327 El Banco Nacional Ultramarino. 5 Rupias, 1938. P-31. A difficult yet extremely popular issuer and particularly this 1938 series. The
note shows with impressive color and appeal while being only limited by some minor stains which are mentioned by PMG in the
comments section.
PMG Choice Very Fine 35 $2000-$2500
1328 El Banco Nacional Ultramarino. 30 to 1000 Escudos, 1959. P-4 Is to 46s. Specimens. 6 pieces in lot. These TDLR Specimens are
vibrant and problem-free. All notes feature a black Specimen and Specimen Number overprints and TDLR seals at the top left and
bottom right margins with the exception of the 60 Escudos note where those overprints and seals are red. All notes appear to be in Gem
condition with the exception if the minor corner bend on the 100 Escudos banknote that we mention.
PMG Choice About Uncirculated 58 EPQ to PMG Superb Gem Uncirculated 67 EPQ $4000-$5000
Bid online at www.stacksbowers.com
Page 99
The January 2017 NYINC Auction
QATAR
1329 Monetary Agency. 1, 5, & 10 Riyals, ND (1980-85). P-7, 8a, 9, & 13b. 6 pieces in lot. A detailed list of the group is as follows ; Pick 7 in
66 EPQ, Pick 8a seen in 66 EPQ and another example in 67 EPQ, Pick 9 seen in 66 EPQ, and Pick 13b seen in both 66 EPQ and 67 EPQ.
A unique offering when each piece is gem.
PMG Gem Uncirculated 66 EPQ to Superb Gem 67 EPQ $600-$ 1000
QATAR & DUBAI
1330 Qatar and Dubai Currency Board. 5 Riyals, ND (ca. 1960). P-2a. A scarce offering in any grade, but typically found problematic and
VF or lower. This Choice VF example has merely “100” written in ink above the watermark. Apart from that, no major netting defects
are present. This is a very nice example for any collector looking for the type. The annotation is accounted for by PMG in the comments
section of the holder.
PMG Choice Very Fine 35 $600-$ 1000
Page 100
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Outstanding Qatar & Dubai 25 Riyals
Rare Issued PMG VF 25
QATAR & DUBAI
1331 Qatar & Dubai Currency Board. 25 Riyals, ND (1960s). P-4a. A scarce Pick 4a Qatar and Dubai Currency Board 25 Riyals is offered
here. Though they are now separate, Qatar & Dubai, both Arab states, were once linked together as they were both members of the
Trucial States. During that time they were joined together as a banking union for 6 years in which they shared the same currency.
However, initially it was the Arabian Gulf Currency Agreement that was signed in 1965 that linked the Trucial States of Qatar, Dubai,
Abu Dhabi, and Bahrain. Things did not work out with the four states joined together, so Qatar and Dubai split off and signed the Qatar
and Dubai Currency Agreement in March of 1966, which created both a Currency Board and a common currency. Five directors made
up the board with two from each state and one expert from a country unrelated to Qatar or Dubai. Qatar had more control and seniority
over the union as more Qatar notes were circulated than Dubai notes. Qatar was at the time responsible for the finances of the Currency
Board which ultimately made it responsible for both losses and profits.
Qatar and Dubai then placed orders for coins and banknotes with the British Royal Mint and Bradbury Wilkinson. Eventually six
denominations were printed; the one, five, ten, twenty-five, fifty and one-hundred Riyals. Fortunately, we are able to offer this very
rate issued 25 Riyals (Pick 4a). Typically, issued notes of this variety are usually seen with graffiti or annotations in the falcons head
watermark area to the right of center. This example has great centering with typical handling you can usually find in notes graded by
PMG in Very Fine 25 condition. However, it is seldom that these notes do not have any major defects like tears, multiple pinholes, and
major staining. Thankfully, this note is absent of those problems.
PMG Very Fine 25 $20,000-$30,000
Bid online at www.stacksbowers.com
Page 101
The January 2017 NYINC Auction
REUNION
1332 Institut D’Emission Des Departments D’Outre-Mer. 10
Nouveaux Francs on 500 Francs, ND (1971). P-54b. A
vibrant example of this 10 Nouveaux Francs note printed
originally on 500 Francs. Seen with terrific pastel color
and beautiful problem-free paper. This note is not typically
available this pristine.
PCGS Superb Gem New 67 PPQ $750-$1250
RHODESIA
1333 Reserve Bank of Rhodesia. 5 Pounds, 1964. P-26a. A
stunning Gem example of this 5 Pound denomination which
shows with a masterful portrait of QEII at right and gazelle
at lower left. Fully framed and seen with unquestionably
original paper.
PMG Superb Gem Uncirculated 67 EPQ $900-$ 1200
1334 Reserve Bank of Rhodesia. 5 Pounds, 1966. P-29a. Good
centering seen on this fully original 5 Pound Gem. Scarce in
such high grade and likely a piece missing from advanced
collections.
PMG Gem Uncirculated 65 EPQ $1000-$ 1500
RHODESIA & NYAS ALAND
1335 Bank of Rhodesia & Nyasaland. 1 Pound, ND (1956-
61). P-2 Is. Specimen. Great centering seen on this always
desirable Queen Elizabeth II BWC designed Specimen.
Rhodes seen in the watermark at left. PMG mentioned
Printers Annotations and Previously Mounted in the
comments section of the holder.
PMG Choice Uncirculated 64 $800-$ 1200
1336 Bank of Rhodesia & Nyasaland. 1 Pound, 1956-60.
P-2 la. Very popular issued note with just some faint
folding preventing the note from being Uncirculated. Good
registration is also exhibited here.
PMG About Uncirculated 55 $600-$ 1000
1337 Bank of Rhodesia & Nyasaland. 1 Pound, 1960-61. P-2 lb.
A great lightly circulated representation which shows with
original paper and lovely color and detail. Nicely centered
and worthy of a premium bid. We recently sold a similar
example in our November 2010 sale with slightly less appeal.
PMG Choice
About Uncirculated 58 EPQ $1000-$ 1500
Page 102
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
RHODESIA & NYAS ALAND
1338 Bank of Rhodesia & Nyasaland. 5 Pounds, 1956-61.
P-22s. Specimen. Queen Elizabeth II at right. Ram at left.
Perforated “SPECIMEN”. Printers annotations in margins.
Printer s Annotations, Previously Mounted.
PMG Choice Uncirculated 64 $1750-$2250
1339 Bank of Rhodesia & Nyasaland. 5 Pounds, ND ( 1 956-6 1 ) .
P-22pp. Progressive Proof. Queen Elizabeth II at right.
Gazelle at left. Printers annotations in margins. Perforated
specimen seen at center.
PMG Choice Uncirculated 64 $800-$ 1200
RUSSIA— U.S.S.R.
1340
Treasury. 1 Gold Ruble, 1924. P-186. Specimen Proofs. 2 pieces in lot. A pair of two gorgeous 1 Gold Ruble Specimen Proofs with one
displaying the front, and the other showing the reverse. Each found in EF 45 condition. Perforated across the center. The first we have
offered of the type.
WBG Very Fine 45
From the Yuri Solovey Collection.
$700-$1000
1341 Treasury. 50 Kopeks, 1924. P-196. Front & Back Specimens. 2 pieces in lot. A scarce pairing of these nice quality Face and Back Proof
Specimens. Scarce to find in any combination, and the first we’ve handled for the type.
WBG About Uncirculated 53 to Uncirculated 62 $700-$ 1000
From the Yuri Solovey Collection.
Bid online at www.stacksbowers.com
Page 103
The January 2017 NYINC Auction
RUSSIA— EAST SIBERIA
1342 Treasury. 1, 2, 3, & 5 Kopeks, 1924. P-191, 192, 193, & 194. Face & Back Proof Specimens. 8 pieces in lot. Four pairs of face and back
Proof Specimens observed ranging in pick numbers from 191 to 194. We don’t have the opportunity to handle these small size Russian
pieces often, so any time they are presented, especially in groupings like this, we expect spirited bidding.
WBG Choice About Uncirculated 58 to Choice Uncirculated 63 TOP. $1200-$ 1500
From the Yuri Solovey Collection.
SAAR
1343 Treasury of Saar. 10 Mark, 1947. P-6. A scarce offering as these pieces are seldom found in any grade. The note faces up with absolute
striking detail, but it is perhaps minor incidental handling that has kept this beauty away from a PPQ designation.
PCGS Choice About New 55 $600-$ 1000
Page 104
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Rare Saarland Specimen Set
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SAARLAND
1344 Treasury of Sarre. 1 to 100 Mark, 1947. P-3s to 8s. Specimens. 6 pieces in set. VERY RARE and seldom seen Specimen set. The
opportunity to acquire these pieces is quite exciting. All notes have a finely perforated “SPECIMEN” across the face, which to many is
preferred in comparison to the distracting bold red or black overprints that typically come printed on top of Specimen issues. All notes
are problem-free with the exception of a little bit of toning on a few and 50 Mark, which has minor archival rust as mentioned on the
holder. A set like this is not likely to appear on the market again for quite some time.
PCGSBG Choice About Uncirculated 58 to Gem Uncirculated 65 Details $10,000-$15,000
Bid online at www.stacksbowers.com
Page 105
The January 2017 NYINC Auction
100 Riyals Saudi Arabian Piece
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SAUDI ARABIA
1345 Saudi Arabian Monetary Agency. 100 Riyals, 1961. P-1 Ob. A highly scarce note in this Uncirculated state and without question, the
most pleasing we have handled. Seen with detailed and bright inks along with nice centering and margins. These 100 Riyal examples are
increasing in desirability with collectors and are starting to fetch high prices in the private sector. We anticipate this offering to usher in
an adjustment to the current public market value.
PCGS Very Choice New 64 $4000-$5000
1346 Saudi Arabian Monetary Agency. 1, 5 & 10 Riyals, AH 1379 (1968). P-1 la, 12a, & 13. 3 pieces in lot. A trio of second signature Saudi
Arabian Notes. P-1 la in PMG 66 EPQ, 12a in PMG 65 EPQ, and 13 in PMG CU 63.
PMG Choice Uncirculated 63 to PMG Gem Uncirculated 66 EPQ $600-$ 1000
1347 Monetary Agency. 1, 5, 10 & 100 Riyals, 1976-77. P-16, 17b, 18, & 20. 4 pieces in lot. King Faisal pictured at right on each piece. Every
piece seen in fully original Gem 66 EPQ condition.
PMG Gem Uncirculated 66 EPQ $600-$1000
SCOTLAND
1348 Clydesdale Bank PLC. 100 Pounds, 1996. P-223. A gorgeous high grade modern issue difficult to find in this pleasing of condition.
Lord Kelvin pictured at left. Metallic foil cascading down the right of center.
Page 106
Stack’s Bowers Galleries
PMG Gem Uncirculated 66 EPQ.
$600-$1000
Session A Thursday, January 12, 2017, 1:00 PM ET
SCOTLAND
1 349 The Commercial Bank of Scotland Limited. 5 Pounds, ND
(1887-1906). P-S316cts. Color Trail Specimen. Selvage
on left side, punch cancellations at the signature panels.
Allegorical figures at center, building on back. Printed by
BWC and with great detail and quality that we have come to
expect from this printer.
PMG About Uncirculated 55 EPQ $1000-$ 1500
1350 The Commercial Bank of Scotland Limited. 20 Pounds,
1910-23. P-S325s. Specimen. A scarce Scottish offering.
Printers Annotations and toning in selvage but as PMG
mentions on holder, the note is not affected. This rare
specimen piece is printed by Bradbury Wilkinson and
features strikingly detailed vignettes and deep bold blue
inks.
PMG Choice Uncirculated 63 $1000-$ 1500
SEYCHELLES
1351 Government of Seychelles. 1 Rupee, 1943. P-7a. The
note shows with a strong impression which is important as
these notes can sometimes be under inked. Only touches of
circulation in addition to the Stains which is mentioned by
PMG in the comments section of the holder.
PMG Choice Very Fine 35 $600-$ 1000
1352 Government of Seychelles. 5 Rupees, 1.8.1960. P-1 lb.
A wonderfully high grade note that shows vivid detail
throughout and exceptional centering and margins.
Extremely difficult to find in Gem, seen here in a lofty 68
grade. Likely the finest we will see for the foreseeable future.
PCGS Superb Gem New 68 PPQ $800-$1200
1353 Government of Seychelles. 10 Rupees, 1.1.1968. P-1 5a. A
popular Seychelles Gem known to collectors as the “Scum
Note” which is a lower denomination of the same series as
the “Sex Note.” This 10 Rupees piece has a neat A/1 Block
serial number of 300036.
PCGS Superb Gem New 67 PPQ $800-$1200
1354 Government of Seychelles. 50 Rupees, 1969. P-1 7b. This
January First 1969 date is by far the most difficult to procure
and especially so in higher grades. A drastic difference in
comparison to the other dates for this “Sex,” note design
where PMG has graded nearly 50 pieces within the
Uncirculated grade range.
PMG Choice Extremely Fine 45 $900-$ 1200
Bid online at www.stacksbowers.com
Page 107
The January 2017 NYINC Auction
SINGAPORE
1355 Board of Commissioners of Currency. 1000 Dollars, ND (1978). P-16. 2 pieces in lot. A pair of vibrant consecutive 1000 Dollar
banknotes from Singapore. Seen here in problem-free condition with just a faint fold preventing a Gem designation. Bird at left with
Lions Head watermark at right.
PCGS Choice About New 58 PPQ $1500-$2500
1356 Board of Commissioners of Currency. 10,000 Dollars, ND (1999). P-44s. Specimen. “SPECIMEN” overprints and regular issue serial
numbers. A popular ultra-high denomination that is seen here with excellent embossing and lovely color.
Uncirculated $600-$ 1000
Issued Singapore Ultra
High Denomination
1357 Board of Commissioners of Currency. 10,000 Dollars, ND (1999). P-44a. An important offering which is roughly $7,400 USD face
value, and a note that is typically found more circulated than this example. Just a few light handling marks are seen and the paper is
strictly original throughout.
About Uncirculated $6000-$8000
Page 108
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
SOMALIA
1358 Banca Nazionale Somala. 5, 10, 20, & 100 Scellini, 1966. P-5s, 6s, 7s, & 8s. Specimens. 4 pieces in lot. A nice assortment of these scarce
Somalia Specimens. Denominations range from 5 Scellini, to 100 Scellini. Scellini converts equally to Shillings. Perforated “ANNULATO”
written diagonally, punch cancellations toward the bottom, and red “SPECIMEN” overprints also seen.
PMG Choice Uncirculated 64 $800-$ 1200
SOMALILAND
1359 Baanka Somaliland. 20 Shilin to 500 Shilin, 1994-2011. P-3s to 7s. Specimens. 7 pieces in lot. Pick Numbers ranging from 3s to 7s with
duplicates seen of Pick 5s and 6s. All notes are in an uncirculated state of preservation with hollow block red specimen lettering.
PMG Choice Uncirculated 64 EPQ to Superb Gem Uncirculated 67 EPQ $600-$ 1000
SOUTH AFRICA
1360 African Banking Corporation Ltd. 5 Pounds, 1900-20. P-S554s. Specimen. The first example we’ve offered of this specimen design.
The note faces up gorgeously with just a hint of circulation and some toning seen that prevent a higher grade. A scarce BWC piece likely
missing from most collections.
PMG Choice About Uncirculated 58 $1000-$ 1500
Bid online at www.stacksbowers.com
Page 109
The January 2017 NYINC Auction
Lot 1361
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Page 110
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
SOUTH AMERICA
1361 An Album of Assorted South American Specimens. Comprised of a variety of Proofs, Specimens, Color Trials, Progressive Proofs,
and Progressive Tints, which are all UNMOUNTED and housed in individual holders. On the reverse of each holder, the Pick number
along with the Country are noted. The volume is ordered first alphabetically by country and then by Pick number.
The majority of the notes are Uncirculated, but a few display some wear and tear. The official grade range would be Very Fine to
Uncirculated, with over 90 percent of the lots being About Uncirculated to Uncirculated. A similar lot, the South American Specimen
Book, sold in our ANA World’s Fair of Money Auction, Fot 30006, which realized over $140,000. That book contained a variety of
older Specimens, Proofs, and vignettes from the American Bank Note Company, Waterlow & Sons, and Bradbury Wilkinson. The bulk
of the notes were from before 1940, but they were all unattributed and mounted onto the pages, which was problematic for many. The lot
offered here contains more modem and interesting material. We conservatively estimate that this book has an approximate retail value
of about $18,000.
This book includes:
• Bolivia
— P-1 20s 5 Bolivianos Specimen
— P-1 52s 1 Peso Boliviano Specimen
• Brazil
— P-1 59 As 100 Cruzeiros Specimen
• Colombia
— P-373bs2 5 Pesos Oro Specimen
— P-410cs 100 Pesos Oro Specimen
— P-412bs 50 Pesos Oro Specimen
— P-417as 200 Pesos Oro Specimen
— P-423 s 500 Pesos Oro Specimen
— P-420cst 500 Pesos Oro Color Trial Specimen
— P-430s 2000 Pesos Oro Specimen
• Dominican Republic
— P-7 Is 1 Peso Oro Specimen
— P-119as 10 Pesos Oro Specimen
— P-120as 20 Pesos Oro Specimen
— P-12 las 50 Pesos Oro Specimen
— P-122as 100 Pesos Oro Specimen
• Ecuador
— P-112as 100 Sucres Specimen
— P-112as 100 Sucres Specimen
— P-113cs 5 Sucres Specimen
— P-114bs 10 Sucres Specimen
— P-1 16s 50 Sucres Specimen
— P-1 19s 500 Sucres Specimen
— P-1 20s 1000 Sucres Specimen
• El Salvador
— Sheet of (2) P-76p 2 Colones Uniface Obverse Proof
— Uniface Reverse Proof Set P-93-97 1 Colon -25 Colones
— P-98 Uniface Obverse Proof 100 Colones
— Sheet of (2) P-11 lets 5 Colones Color Trial Specimen
— P-113 25 Colones Proof
— P-95 Uniface Obverse Proof 5 Colones
— P-95 Proof 5 Colones
• Guatemala
— P-28p Uniface Obverse Proof 100 Quetzales
— P-35p Uniface Obverse Proof &fracl2; Quetzal
— (2) P-35p Uniface Reverse Proof &fracl2; Quetzal
— P-36p Uniface Obverse Proof 1 Quetzal
— P-37p Uniface Obverse Proof 5 Quetzales
— P-38p Uniface Obverse Proof 10 Quetzales
— P-38p Uniface Reverse Proof 10 Quetzales
— P-3 8s 1 Quetzal Specimen
— P-39p Uniface Obverse Proof 20 Quetzales
— P-5 8s &fracl2; Quetzal Specimen
— P-97s 1 Quetzal Specimen
• Haiti
— P-1 80s 5 Gourdes Specimen
— P-181s 10 Gourdes Specimen
• Mexico
— P-47pcts 10 Pesos Proof Color Trial Specimen
— P-49pcts 50 Pesos Proof Color Trial Specimen
— P-50p Uniface Reverse Proof 100 Pesos
— P-50pcts 100 Pesos Proof Color Trial Specimen
— P-54s 20 Pesos Specimen
— P-59pcts 1 Peso Proof Color Trial Specimen
— P-59p Uniface Reverse Proof 1 Peso
— Sheet of (2) P-59p 1 Peso Uniface Reverse Proof
— Sheet of (2) P-59p 1 Peso Uniface Reverse Proof
— P-60pcts 5 Pesos Proof Color Trial Specimen
— Sheet of (2) P-60p 5 Pesos Uniface Obverse Proof
— Sheet of (2) P-61p 100 Pesos Uniface Obverse Proof
— Sheet of (2) P-61p 100 Pesos Uniface Reverse Proof
• Nicaragua
— P-67p 20 Cordobas Uniface Obverse Proof
— P-67p 20 Cordobas Uniface Reverse Proof
— P-115as 1 Cordoba Specimen
— P-1 20s 100 Cordobas Specimen
— P- 121s 2 Cordobas Specimen
— P-1 22s 5 Cordobas Specimen
— P-1 24s 20 Cordobas Specimen
• Paraguay
— P-195bs 5 Guaranies Specimen
— P-196bs 10 Guaranies Specimen
— P-197bs 50 Guaranies Specimen
— P-200bs 500 Guaranies Specimen
— P-203 s 10000 Guaranies Specimen
• Peru
— P-1 18s 1000 Soles de Oro Specimen
— P-1 20s 10000 Soles de Oro Specimen
— P-1 25 s 50000 Soles de Oro Specimen
• Uruguay
— P-47s 100 Pesos Specimen
— P-48s 500 Pesos Specimen
— P-60s 100 Nuevos Pesos Specimen
— P-63as 500 Nuevos Pesos Specimen
— P-64bs 1000 Nuevos Pesos Specimen
• Trinidad & Tobago
— (5) P-26 1 Dollar Progressive Tints
— (5) P-27 5 Dollars Progressive Tints
— (5) P-28 10 Dollars Progressive Tints
— (8) P-36 1 Dollar Progressive Tints
— (7) P-37 5 Dollars Progressive Tints
— (7) P-38 10 Dollars Progressive Tints
— (7) P-39 20 Dollars Progressive Tints
— (7) P-40 100 Dollars Progressive Tints
Very Fine to Uncirculated $10,000-$ 12,000
Bid online at www.stacksbowers.com
Page 111
The January 2017 NYINC Auction
SOUTHERN RHODESIA
1362 Southern Rhodesia Currency Board. 10 Shillings, 1939-
51. P-9s. Specimen. A popular design featuring King
George VI at right with the watermark of Rhodes at left.
Printers Annotations, and Previously Mounted mentioned
in the comments section.
PMG Choice Uncirculated 64 $900-$ 1200
1363 Southern Rhodesia Currency Board. 1 Pound, 1939-51.
P-1 0s. Specimen. Specimen serial numbers, perforation
and annotations. A difficult design in any form and offered
here with radiant color and detail throughout. Printers
Annotations, Previously Mounted mentioned in the
comments section of the holder.
PMG Choice Uncirculated 64 $1000-$ 1300
1364 Southern Rhodesia Currency Board. 5 Pounds, 1939-
52. P-1 Is. Specimen. BWC Specimen. Punch cancel at
the signature and approval type and signature at left in
watermark field. An interesting specimen example that is
seen without the typical perforations or specimen numbers.
Stunning color and a great addition to any comprehensive
collection of British Commonwealth notes.
PMG Choice Uncirculated 64 $1500-$2000
SOUTHWEST AFRICA
1365 Barclays Bank. 10 Shillings, 1958. P-4b. A very vibrant
example of this Waterlow and Sons design for the Barclays
Bank. Bold vibrant inks seen, with detailed borders and
vignettes. A slight skew in the registration prevents a higher
grade on this otherwise fully original note.
PCGS Choice New 63 PPQ $700-$ 1000
SPAIN
1366 El Banco de Bilbao. 4000 Reales, ND (18xx). P-S256s.
Specimen. Blue large size specimen with counterfoil seen
at left. 4000 Reales. Allegorical Maiden at center with
background of ships behind her. Series A. Hole Punch
Cancelled.
PCGS Choice About New 58 $800-$ 1200
STRAITS SETTLEMENTS
1367 The Government of the Straits Settlements. 5 Dollars,
1.1.1935. P-1 7b. (KNB21e) A striking example of this scarce
KGV design with King George at right, and a tiger seen on
the reverse. We don’t handle many of these examples, but
when we do, they usually come with defects, and are seen
much more problematic than here.
PCGS Fine 15 $600-$1000
Page 112
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
SUDAN
1368 Sudan Currency Board. 25 & 50 Piastres, 1956. P-1 A & 2A. 2 pieces in lot. A Gem pairing of (2) flawless Sudan Currency Board notes.
Each note is seen with pack fresh originality and punch through embossing.
PMG Gem Uncirculated 65 EPQ $800-$ 1200
^ Sudan, Bank of Sudan
IVlAj Pickm 1B9G 10,000 Dinars - Wmk; Building
paper mosiev guaranty S/N NA8072492 - No t Issued
M&0724 92
NA8072432
Rare Sudan 10,000 Dinars
1369 Bank of Sudan. 200 Dinars, 2002-03 Issue. P-60. A very interesting offering of this 10,000 Dinars 1996 design in that the SCWPM lists
the note as having never been issued and known in specimen form only. This note shows fully issued with the serial number NA 8072492
and is certainly a piece that will be carefully watched by collectors. Strangely with a fair amount of circulation which is further puzzling.
The only piece known by us and a lot that could prove our estimate conservative.
PMG Very Fine 25 $4000-$6000
Bid online at www.stacksbowers.com
Page 113
The January 2017 NYINC Auction
SUDAN
1370 Siege of Khartoum. 500 Piastres, 25.4.1884. P-S106a.
A scarce, and interesting piece. Signed by popular British
General, General Charles George Gordon. It was in
Khartoum where he would later be killed. This piece
was issued for the Siege of Khartoum. PCGS mentions
contemporary cloth backing in the comments section.
PCGS Choice New 63 Apparent.
Contemporary Cloth Backing $800-$ 1200
SWEDEN
1371 Hallands Enskilda Bank. 50 Kronor, 1888. P-S255sp.
Specimen Proof. A scarce offering, as this is the first
we have handled for both the type, and the bank. An old
1888 medium sized specimen with a 50 Kronor obligation.
Printed by Jacob Bagge. Seen with excellent centering and
vivid detail.
PMG Gem Uncirculated 65 EPQ $1000-$ 1500
SWITZERLAND
1372 Schweizerische Nationalbank. 500 Franken, 1961-1974.
P-5 Is. Specimen. Specimen printed by TDLR. A note
which is highly scarce in this form and the first we can
recall handling in some time. Seen with solid zero serial
numbers and with “SPECIMEN” overprint diagonally at
center. Appealing TDLR ovals at upper left and lower right
on both face and back. A masterful back design shows
with the “Fountain of Youth” giving elderly woman their
youthfulness back. Some mounting remnants at the left
reverse.
Choice About Uncirculated $750-$ 1250
Gem Swiss Specimen Set
1373 National Bank. 10, 20 & 50 Franken, 2000-10. P-67s,
69s, & 71s. Specimens. 3 pieces in lot. A high demand
Specimen trio from the National Bank of Switzerland. Seen
here with each piece in Gem. Pick 67s 10 Franken seen
in PMG Superb Gem Uncirculated 67 EPQ, Pick 69s 20
Franken seen in PMG Gem Uncirculated 66, and Pick 71s
50 Franken seen in PMG Gem Uncirculated 65. All three
notes are meant to be seen vertically instead of horizontally
and roulette Specimen overprints can be seen at the tops of
the notes when turned to their intended appearance.
PMG Gem Uncirculated 65 to
Superb Gem Uncirculated 67 EPQ $4000-$6000
Page 114
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Flawless Superb Gem Syria
100 Livres Specimen
SYRIA
1374 Banque de Syrie et du Grand-Liban. 100 Livres, 1939 (ND 1930). P-39Ds. Specimen. Few notes have the eye appeal to dazzle collectors
with both a beautiful design and an equally spectacular state of preservation. One uncirculated example of this type has sold, but it was
not nearly as flawless and superior in preservation as this piece. Boardwalk margins, clear vibrant inks, and problem free paper make
this note worthy of every grade point its received. Needless to say, collectors have never had the opportunity to acquire a piece this
marvelous, and due to that, we expect very spirited bidding.
PMG Superb Gem Uncirculated 67 EPQ $5000-$10,000
From the Prestigious Collection of Dr. Magid Al-Kimawi.
Bid online at www.stacksbowers.com
Page 115
The January 2017 NYINC Auction
SYRIA
1375 Banque de Syrie et du Liban. 1 Livre to 25 Livres, 01.09.1939. P-40a,41b, 42d, & 43b. 4 pieces in lot. A high valued grouping of notes
that bring a few hundred each even in very low condition. 1, 5, 10, and 20 livres banknotes all seen in typical mid to low Very Fine
condition.
Very Fine $800-$1200
Highly Sought After Syrian 25 Livres
1376 Banque de Syrie et du Liban. 25 Livres, 1947. P-59. A very scarce issued Syrian note. This colorful and ornate design features the Coat
of Arms of the Syrian Republic at center, flanked by obligation protectors with flowers, fruit, and other subjects. The condition of the
note is Choice Fine, with Pinholes, Splits, Tears, & a Tape Repair mentioned by PMG in the comments section of the holder. Even with
those mentions, the note can still be fully appreciated as all the relevant detail and desirable features of the example can be seen.
PMG Choice Fine 15 Net. Pinholes, Splits, Tears, & Tape Repair. $4000-$6000
Page 116
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Original 1917 50 Livres
SYRIA
1377 Banque de Syrie et du Liban. 50 Livres, 1917. P-60. This
exceptionally rare banknote is one of only two ever graded
by PMG. Giant boardwalk margins, and extreme detail
to compliment the vivid colors typical for the series. This
jaw dropping note is sure to please, and apart from some
handling and a minor stain in the margin, it is problem-
free.
PMG About Uncirculated 50 EPQ $5000-$6000
1378 Banque de Syrie et du Liban. 100 Livres, 1949. P-67.
Stamp of Eagle. The Obverse features incense burning on
each side of the city few that contains a Mosque. A beautiful
design which is typical for the series. PMG mentions tears
and staining which isn’t a deterrent for the grade.
PMG Very Fine 25 $2000-$3000
1379 Banque Centrale de Syrie. 5 Livres, 1957. P-80cts. Color
Trial Specimen. A stunning Color Trial from Syria with
punch cancels at the serial number panels. Well centered
with nice embossing.
PMG Gem Uncirculated 66 EPQ $1000-$ 1500
-PMG
Syria, Banque Centrale 'Color Trial Specimen'
67: 1
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1380 Banque Centrale de Syrie. 50 Livres, 1957-58. P-84cts.
Color Trial Specimen Boardwalk Margins and exceptional
paper on this Superb Gem. Red “SPECIMEN” overprint
with a hole punch cancellation at the left signature panel.
A gradient violet and green overlay consists of the vibrant
color throughout the front of the note. Guilloche design
seen in the inner margins of the note, with an intricate
frame bordering the watermark of the Horses Head, and the
Eagle Motif.
PMG Superb Gem Uncirculated 67 EPQ $2000-$3000
1381 Banque Centrale de Syrie. 100 Livres, 1958. P-85cts.
Color Trial Specimen. Another gorgeous Syrian Specimen
with boardwalk margins and excellent registration. Red
“SPECIMEN” Overprint. Punch Cancellation. Gradient
dual color face design. Hexagon frames with the Horses
Head watermark in one side and the Eagle in the other.
PMG Gem Uncirculated 66 EPQ $2000-$3000
Bid online at www.stacksbowers.com
Page 117
The January 2017 NYINC Auction
Thailand / Japanese InEervCiUiotl WWll
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THAILAND
1382 Government of Thailand. 100 Baht, ND (1945). P-52b. Without signature. A wonderfully preserved note that shows here with deeply
embossed inks and lovely color. The back is seen in the adopted blue color for this later date variation of the King Rama VIII design.
Some toning prevents a Gem assessment.
PMG Choice Uncirculated 64 $700-$ 1000
TRINIDAD & TOBAGO
1383 Government of Trinidad & Tobago. 1 & 2 Dollars, ND. P-5b, 7a, & 8. A trio of Trinidad and Tobago notes, (1) in the 1 Dollar range,
(2) in the 2 Dollar denominations. Ranging in Fine to About Uncirculated graded.
Choice Fine to About Uncirculated $500-$ 1000
TURKEY
1384 Banque Imperiale Ottomane. 200 Piastres, ND (1863).
P-55b. Reimbursable in Smyrna. Large format in blue and
multicolored. “ANNULE,” stamp in blue. Toughra of Abdul
Aziz top center. Another example of this scarce design and
seen with a pleasing low serial number of “001934.” Missing
upper left corner tip and seen with some edge and internal
splits with small tape repair at upper right. PMG mentions
Stamp Cancelled. Edge & Internal Damage, Tape Repair,
and Annotations.
PMG Very Fine 20 Net. Stamp Cancelled.
Edge & Internal Damage,
Tape Repair, & Annotations $2500-$3500
From the Yuri Solovey Collection.
1385 State Note of the Ministry of Finance. 10 Livres, ND
(1916). P-101. Toughra of Muhammad V. Prefix G.
Appealing color remains with only edge splits to mention as
written in the comments by PMG and small tape repair at
top center.
PMG Very Fine 20 Net.
Splits, Tape Repair. $600-$ 1000
From the Yuri Solovey Collection.
Page 118
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Rare L. 1333 Ministry of Finance 100 Livres
-r-PMG
Turkey. Ministry of Finance
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TURKEY
1386 Ministry of Finance. 100 Livres, ND (1917). P-106. Prefix J. One of the highlights of this Fine selection of Ottoman Empire banknotes
with this 100 Livres denomination being listed as “Rare,” in the SCWPM. The note shows in a large format with Toughra at top center
and ornate multicolored frame devices and under-print. Lovely color and detail remain for the grade and this is the first we have seen or
offered. Certainly a note that will be a focal point in any advanced collection.
PMG Fine 15 Net. Tape Repairs, Tears, Annotations $4000-$6000
From the Yuri Solovey Collection.
1387 Ministry of Finance. 100 Livres, 1918. P-1 07 A. Toughra
of Muhammad V. Prefix G. Large horizontal format. A
catalog number listed as “Rare,” in the SCWPM and the
first we have seen or offered. Still pleasing color and detail
despite the problems. Several edge and internal tears with
an annotation also notice at the back. The only piece PMG
has graded for the catalog number. One of the highlights of
this sensational collection of Turkish notes we are offering.
Large splits mentioned.
PMG Very Good 8 Net. Large Splits $4000-$6000
From the Yuri Solovey Collection.
1388 Central Bank of Turkey. 50 Lira, 1930. P-142As.
Specimen. President Kemal with a neck tie at right. Nice
color, centering and originality. Red overprints.
PMG Gem Uncirculated 66 EPQ $800-$1000
1389 Central Bank of Turkey. 10 Lira, 1930 (ND 1948). P-148s.
Specimen. Sand colored borders with a green and pink
underprint. Punch cancelled at signature panels. Red
“SPECIMEN” overprint. Portrait of President Inonu.
PMG Gem Uncirculated 65 EPQ $800-$ 1000
Bid online at www.stacksbowers.com
Page 119
The January 2017 NYINC Auction
rORTHE<$VEfUmi*T« •
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TURKS & CAICOS ISLANDS
1390 Government of the Turks & Caicos Islands. 5 Shillings, ND (1928). P-1. A scarce perforated cancelled 5 Shillings Face Proof. This is
the first of this type we have handled and likely the last we will see for quite some time. TDLR designed.
PCGSBG Choice Uncirculated 64 Details. Trimmed, Minor Tear. $3000-$5000
UNITED ARAB EMIRATES
1391 United Arab Emirates Currency Board. 1 Dirham to 10 Dirhams, ND (1973). P-1 a to 3a. 3 pieces in lot. A problem-free set from the
U.A.E. seen with Pick la in CU 64 EPQ, Pick 2a in Gem 65 EPQ, and Pick 3a in Gem 66 EPQ. These notes carry a premium in high grade.
PMG Choice Uncirculated 64 EPQ to Gem Uncirculated 66 EPQ $700-$ 1000
Page 120
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
UNITED ARAB EMIRATES
1392 United Arab Emirates Currency Board. 1000 Dirhams, ND (1976). P-6a. A rare highest denomination note shown here with nice
appeal and color for the technical grade. Rough spots at the top and bottom margins at the center are observed along with a couple
pinholes throughout the note, with some graffiti in the watermark field. PMG mentions annotations in the comments section.
PMG Very Fine 30 $2500-$3000
1393 United Arab Emirates Central Bank. 5 Dirhams, ND
(1982). P-7s. Specimen. Quite underrated and rare with
public appearances being highly limited. Seen with red
overprints. Mentioned as previously mounted which we
have come to expect on most Specimen notes. Otherwise, a
nice problem-free example.
PMG Choice Uncirculated 64 Net.
Previously Mounted $900-$ 1200
1394 United Emirates Central Bank. 20 Dollars, 1 86 1 . P- 1 1 a. A
difficult high denomination note that retains great color and
appeal. Seen with great registration.
PMG Gem Uncirculated 65 EPQ $750-$ 1250
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1395 United Arab Emirates Central Bank. 500 Dirhams, ND (1983). P-1 1 A. 2 pieces in lot. A scarce consecutive offering of these uncirculated
high denominations. Eagle seen at right, with bold vibrant inks present throughout. Pleasing to add to any Middle Eastern collection.
Choice Uncirculated $2000-$3000
Bid online at www.stacksbowers.com
Page 121
The January 2017 NYINC Auction
UNITED ARAB EMIRATES
1396 United Arab Emirates Central Bank. 500 Dirhams, 1993. P-17A. 2 pieces in lot. A consecutive offering of these scarce uncirculated
high denomination pieces from 1993 UAE. Seen with Easter serial numbers in Red, and Western Serial Numbers in black. Gorgeous
colors and centering. Problem free paper.
Choice Uncirculated $800-$ 1200
1397 United Arab Emirates Central Bank. 20 Dirhams, AH
1418-21 (1997-2000). P-2 Is. Specimen. Middle Eastern
Specimens have increased exponentially in popularity over
the past couple of auctions. This UAE 20 Dirhams note is as
gorgeous as it is well centered and problem-free. An array of
vibrant colors are seen on the face design with a perforated
“SPECIMEN” punched across the center.
PCGS Superb Gem New 67 PPQ $900-$1200
URUGUAY
1398 Banco De La Republica Oriental Del Uruguay. 1 Peso,
1896. P-3cts. Color Trial Specimen. Printed by G&D.
A scarce Color Trial Specimen with full color and detail
displayed on both the face and reverse design. Staple holes
on the top left on this otherwise problem-free 1 Peso. A nice
offering from the issuer.
PMG About Uncirculated 55 $600-$ 1000
1399 El Banco Nacional. 500 Pesos, 1887. P-A98s. Specimen.
“SPECIMEN” overprints and punch cancels. Attached
counterfoil at left. A rare large format type and seen here
with great detail for the technical grade, but hindered by
some problem areas. Toned paper, missing upper right
corner tip and a few spindle holes. Oval stamp in blue at
back lower left. PMG mentions Ink Stamp. Edge & Internal
Damage.
PMG Very Fine 25 Net. Ink Stamp.
Edge & Internal Damage $800-$ 1200
From the Yuri Solovey Collection.
1400 10 Pesos, 1872. P-S126p. Proof. A scarce Proof, the first of
which we have handled. Large format Bradbury Wilkinson
Company design. Punch cancelled at the signature panel.
PMG mentions the note was Previously Mounted and has
Minor Internal Slits.
PMG Choice About Uncirculated 58 Net.
Previously Mounted, Minor Internal Slits $600-$800
Page 122
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
URUGUAY
1401 Mixed Banks. Mixed Denominations, Mixed Dates. P- Various. 37 pieces in lot. A various assortment of graded and raw notes from
Uruguay. P-215r seen in PMG Choice Uncirculated 63. P-S171 in VF. S212 in XF. 23 AU/UNC P-35b 1 Pesos. PMG AU notes include (2)
S212r, (2) S482, (3)S165a, S481, SPMG Graded VF notes include P-2b, P-14, and P-S171a.
Very Fine to Choice Uncirculated $600-$ 1000
Bid online at www.stacksbowers.com
Page 123
The January 2017 NYINC Auction
VIET NAM, SOUTH
1402 National Bank of Viet nam. 5000 Dong, ND (1975). P-35s.
Specimen. A gorgeous display of preservation seen on this
pack fresh Specimen. This piece features the Leopard on
the reverse, a desirable vignette amongst collectors. These
specimens are typically found with mounting remnants
which are pleasingly absent from this particular example.
PMG Gem Uncirculated 66 EPQ $600-$ 1000
1403 National Bank of Viet nam. 10,000 Dong, ND (1975).
P-36s. Specimen. The highest denomination of the series,
seen with punch cancellations in the signature panel, and
red “TDLR” overprints. Vibrant color and bold inks present
throughout offering striking detail on this Gem.
PMG Gem Uncirculated 66 EPQ $600-$ 1000
1404 National Bank of Viet Nam. 10,000 Dong, ND (1975). P-36a. One of the more collectible notes from South Viet Nam for a variety of
reasons ranging from the high denomination and vivid color, to the animal motif on the reverse. Well centered and uncirculated.
PMG Choice Uncirculated 64 $700-$ 1000
Page 124
Stack’s Bowers Galleries
Session A Thursday, January 12, 2017, 1:00 PM ET
Highly Coveted Zanzibar 5 Rupees
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ZANZIBAR
1405 The Zanzibar Government. 5 Rupees, 1908. P-2. This tiny area is a semi-autonomous archipelago off the coast of Tanzania. Microlithic
tools have proven that Zanzibar has been home to humans for over 20,000 years. Zanzibar was formally under control by the Portuguese
Empire during the exploration age, then the Sultanate of Oman, later the British Empire, then ruled as a constitutional monarchy under
Sultan Jamshid bin Abdullah before the Zanzibar Revolution. However, it currently governs itself and is made up of the Revolutionary
Council and House of Representatives.
You do not need to know the entire history of Zanzibar to know how rare and special banknotes from the region are. The country was
a trading point between the surrounding continents for many different imports and exports ranging from spices to slave trafficking.
Zanzibar did not print its own money until 1908. Denominations released were 5, 10, 20, 50, and 100 Rupees. Of the notes printed from
1908 to 1928, only around 500 are known to have survived. Fast forward nearly 100 years later, it is certain that number has decreased
significantly.
We are fortunate enough to offer a very rare, first issue, 5 Rupees Banknote. Of all the known uncancelled issued examples of this type,
this is the finest known. This beautiful note is seen with its very detailed ornate design on the front. A dhow, a lateen-rigged ship with
one or two masts frequently used in the Indian Ocean, with a sun on the horizon is seen at left. Farmers seen at a fruit harvest at right.
The note is a uniface and therefor has a blank reverse side. A guilloche border outlines the design and contains “5” counters in each
corner to signify the denomination. Some very minor toning typical for the grade is seen and mentioned merely for accuracy.
PCGS Very Fine 35 $50,000-$75,000
Bid online at www.stacksbowers.com
Page 125
The January 2017 NYINC Auction
ZIMBABWE
1406 Reserve Bank of Zimbabwe. 100 Trillion Dollars, 2008. P-9 la. 5 pieces in lot. This high grade 68 Gem quintet features the highest
denomination ever printed on paper from the inflation period of Zimbabwe.
PCGS Superb Gem New 68 PPQ $600-$ 1000
End of Session A
Page 126
Stack’s Bowers Galleries
Internet Only
Session D
Tuesday, January 17, 2017
Start Time: 9:00 am pt
Lots 4001-4561
The January 2017 NYINC Auction
AFGHANISTAN
4001 Treasury of Afghanistan. 1 Rupee, 1920. P-lb. 5 pieces
in lot. Consecutive run. A striking group of notes with just
some minor stains to report.
Choice Extremely Fine $300-$500
4002 Treasury of Afghanistan. 5 Rupees, ND (1920). P-2b.
A scarce early treasury design that shows with attached
counterfoil at left and excellent color. Some ink and stains
seen at back with mention in the comments section of the
PMG holder.
PMG Choice Uncirculated 64 $300-$500
4003 Treasury of Afghanistan. 1 0 Afghanis, ND ( 1 926-28) . P-8.
A common early issued Afghanistan note. Seen with large
margins and typical handling for the conservative grade.
Choice Very Fine $30-$50
4004 Treasury of Afghanistan. 50 Afghanis, 1928. P-1 0b.
A large format 50 Afghanis note from the Afghanistan
Treasury. Seen with Edge Damaged as mentioned by PMG.
Otherwise, the note is uncirculated.
PMG Choice Uncirculated 63 Net.
Edge Damage $200-$300
4005 Bank of Afghanistan. 50 Afghanis, ND (1939). P-25a. 2
pieces in lot. Consecutive pair. Striking quality on both of
these popular large format notes. Seldom offered in such a
manner.
PMG Gem Uncirculated 66 EPQ $400-$600
4006 Bank of Afghanistan. 100 Afghanis, ND (1939). P-26a.
An impressive example of this large format 100 Afghanis
note that retains full embossing throughout and well above
average centering.
PMG Gem Uncirculated 65 EPQ $300-$500
ALGERIA
4007 Banque de LAlgerie. Allied Occupation WWII. 500
Francs, 1942-43 Issue. P-93. A seldom offered item which
is one of the few we can recall handling. The note shows with
deeply embossed inks and fully original paper.
PMG Extremely Fine 40 EPQ $600-$800
4008 Banque de LAlgerie. 10 Nouveaux Francs, 1959-61.
P-1 19a. A nice medium format 10 Nouveaux Francs. Well
centered. Womans head watermark at left.
PMG Choice Uncirculated 64 $300-$500
4009 Banque Central D’Algerie. 10 Dinars, 1964. P-1 23s.
Specimen. “SPECIMEN” overprints, serial numbers, and
perforations. Scarce in this form and offered here with just
a light vertical fold, handling and paper clip rust stain and
spot stain.
About Uncirculated $300-$500
4010 Mixed Banks. Mixed Denominations, Mixed Dates.
P-92,78,77,125,124,128. 6 pieces in lot. P-77 in About
Uncirculated; P-78 in Extremely Fine; P-92 in Extremely Fine;
P-124 in About Uncirculated; P-125 in About Uncirculated;
P-128 in About Uncirculated. PERSONAL INSPECTION
OF THIS LOT IS STRONGLY RECOMMENDED.
THERE WILL BE NO RETURNS ON THIS LOT FOR
ANY REASON.
Extremely Fine & About Uncirculated $300-$500
4011 Central Bank of Algeria. 10/50 Dinars, 1985. P-Unlisted.
Printer’s Design. Printers design of a 1985 series note.
Interestingly shown with multiple denominations. A great
piece to add depth to any collection.
PMG Gem Uncirculated 66 EPQ $300-$500
4012 Bank Al-Djazair. 0000 Dinars, 2010. P-Unlisted. Printer’s
Design. Printers design of a 2010 series note. Without
denomination. A very interesting test note that shows with
an advanced security strip.
PMG Choice Uncirculated 64 EPQ $300-$400
Page 128
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
ANGOLA
4013 El Banco Nacional Ultramarino. 20 Escudos, 1.1.1921.
P-59s. Specimen. Colorful note from Angola with a full
face design. Perforated cancelled. Red Angola overprint and
serial numbers. Chamico pictured in porthole at left with
steamship at right. Allegorical figure on back staring out at
ocean and boat. Nice margins. Printers annotations.
PMG Choice Uncirculated 64 $400-$600
4014 El Banco Nacional Ultramarino. 50 Escudos, 1921. P-60s.
Specimen. Bright colored Angola note featuring an ornate
border with a multi colored underprint. Wide Margins
and good centering. Printers annotations and previously
mounted.
PCGSBG Choice Uncirculated 64 $400-$600
4015 Republica Portuguesa Governo Geral de Angola.
1 Angolar, 6.10.1948. P-70. Bold original paper and just a
single spot stain at the upper right to report. Bordering on
the Extremely Fine grade.
Very Fine $50-$ 100
4016 El Banco de Angola. 1000 Escudos, 10.6.1962. P-96s.
Specimen. The first of these Angolan Specimens we have
offered. Red “TDLR” overprints and punch cancellations. A
foreign substance to the left above the watermark.
PCGS Choice About New 58 $400-$600
4017 El Banco de Angola. 50 Escudos, 10.6.1973. P-105ct. Color
Trial. Color Trial Specimen. The finest we have offered of
this example. Camoes seen at right. A vibrant face with eye
catching color. Centering every bit worthy of a coveted high
grade 68 designation.
PCGS Superb Gem New 68 PPQ $300-$500
ARGENTINA
4018 Republica Argentina. 50 Pesos, 1935. P-266a. Serial
Number 2. Elaborate hand-drawn courtesy signatures seen
with a watermark of Belgrano at left to match his portrait on
the right. PMG mentions Annotations and Minor Rust in
the comments section. Serial number 2.
PMG Choice About Uncirculated 58 $300-$500
4019 El Banco Central de la Republic Argentina. 1 00 Pesos, ND
(2012). P-358a. A high grade commemorative 100 Pesos
note from Argentina. Gorgeous inks and a holographic
metallic security strip. Peron seen in watermark.
PMG Superb Gem Uncirculated 67 EPQ $100-$200
AUSTRALIA
4020 Reserve Bank of Australia. 10 Shillings, ND (1961-65).
P-33a. A gorgeous original 10 Shillings note with the eye
appeal of a Gem, but a faint fold preventing that designation.
PMG Choice About Uncirculated 58 EPQ $100-$200
4021 Reserve Bank of Australia. 20 Dollars, ND (1983). P-46d.
Test Printing. Printed on blue test paper. Just the primary
design is observed on this very unique piece. Portion of
another note at left.
PCGS About New 50 Apparent. Minor Edge Nicks at
Bottom Left $300-$500
4022 Reserve Bank of Australia. 50 Dollars, 1985. P-47. Florey
seen at right, Clunies Ross on the reverse. Bold inks and
great centering seen on this problem free Gem.
PCGS Superb Gem New 67 PPQ $200-$300
4023 Reserve Bank of Australia. 100 Dollars, ND (1984-92).
P-48. Test Printing. Trial printing on blue test paper. A
perfect match to the 20 Dollar note we are offering in the
same format. Striking detail and interesting contrast due to
the color choice of paper.
PCGS Choice About New 55 $300-$500
AUSTRIA
4024 K.u.K Reichs Central Casse. 5 Gulden, 1881. P-A154.
Splits the only thing mentioned by PMG in the comments
section of this 1881 5 Gulden design.
PMG Choice Fine 15 Net. Splits $50-$100
BAHAMAS
4025 Government of the Bahamas. 4 Shillings, 1936. P-9e. A
nice Gem example of this Edward VI TDLR design. Seldom
offered in this condition.
PMG Gem Uncirculated 65 $400 -$600
4026 Government of the Bahamas. 4 Shillings, 1936 (ND
1947). P-9e. Deeply embossed paper and vivid detail. We
are unable to figure out why this note was not given an EPQ
designation.
PCGS Gem New 66 PPQ $500-$750
4027 Government of the Bahamas. 5 Pounds, 1936. P-1 2a.
Mostly even wear other than the bit of rust mentioned by
PMG.
4028
PMG Very Fine 25 Net. Rust $100-$200
Government of the Bahamas. 1 Pound, ND (1953). P-15d.
A stunning Queen Elizabeth II TDLR design. This near
gem example shows significant detail on bright white paper.
Rarely offered in this state.
PCGS Very Choice New 64 $500-$750
4029 Government of the Bahamas. 5 Dollars, 1965. P-20a. A
pack fresh, two signature type with lovely color and excellent
centering.
PMG Gem Uncirculated 66 EPQ $400-$600
4030 Government of the Bahamas. 5 Dollars, 1965. P-20. A
stunning and desirable Queen Elizabeth II note from the
Bahamas seen here in problem-free condition.
Uncirculated $300-$500
Bid online at www.stacksbowers.com
Page 129
The January 2017 NYINC Auction
BERMUDA
BARBADOS
4031 Central Bank of Barbados. 1 Dollar, ND (1973). P-29s.
Specimen. A high grade Barbados Specimen seen here
printed by TDLR. Hold punch cancelled at the Governors
signature panel. Samuel Jackman Prescod pictured at right.
PCGS Superb Gem New 67 PPQ $300-$500
BELGIAN CONGO
4032 Banque Congo de Beige. 50 Francs, 1947. P-1 6s.
Specimen. A gorgeous and vibrant ABNC note seen with
two triple punch cancellations in the signature panels and
red overprints. “EMISSION 1947” overprint at center.
About Uncirculated $500-$750
4033 Banque Centrale du Congo Beige et du Ruanda-Urundi.
50 Francs, 1953-54. P-27a. Leopards head watermark. Seen
with ornate borders, guilloche center, and a native woman at
left.
PMG Very Fine 30 $400-$600
4034 Banque Centrale du Congo Beige et du Ruanda-Urundi.
20 Francs, 1956-59. P-3 la. Seen here in problem-free
condition, this note displayed good centering and bold inks.
PCGS Very Choice New 64 PPQ $200-$300
BELGIUM
4035 Banque Nationale de Belgique. 1000 Francs, 1943. P-1 25s.
Specimen. A scarce BWC banknote without the imprint.
Red overprints. High denomination of 1000 Francs.
Allegorical figure at center.
PCGSBG Choice Extremely Fine 45 $500-$700
Bermuda Government. 5 Shillings, 1.5.1957. P-1 8b. A
5 Shillings Gem seen here with great centering and deep
brown inks. Black Hamilton, Bermuda overprint.
$200-$300
Bermuda Government. 1 Pound, 1.10.1966. P-20d. A
common Queen Elizabeth II design offered here in VF
condition. With the exception of some minor substance in
the top margin, no major defects are seen, making this a
very collectible example for someone needing the type.
Very Fine $50-$100
4038 Bermuda Government. 10 Dollars, 1970. P-25a. This
sensational Government note is among the finest we have
seen or handled for the catalog number.
PMG Superb Gem Uncirculated 67 EPQ $300-$500
4039 Bermuda Monetary Authority. 1 Dollar, 1976 & 1982.
P-28s. Specimen. 2 pieces in lot. “SPECIMEN” overprints,
serial numbers, and punch cancels. 1976 date in 68 PPQ and
the 1982 in 67 PPQ.
PCGS Superb Gem New 67 PPQ & 68 PPQ $50-$100
4040 Bermuda Monetary Authority. 50 Dollars, 1978. P-32s.
Specimen. “SPECIMEN” overprints and punch cancels
with regular issue serial numbers. Lovely centering and
originality.
PCGS Superb Gem New 67 PPQ $50-$100
4041 Bermuda Monetary Authority. 100 Dollars, 1986. P-33c.
Queen Elizabeth II at right, with a tunafish watermark at
left. Problem free and well centered.
PMG Gem Uncirculated 65 EPQ $300-$500
4042 Bermuda Monetary Authority. 5 Dollars, 1989. P-35b*.
Z prefix replacement. A well embossed example with nice
centering.
PMG Gem Uncirculated 66 EPQ $100-$200
4043 Bermuda Monetary Authority. 1 to 100 Dollars, 1975-
1988. P-28s-33s. Specimen. 6 pieces in lot. “SPECIMEN”
overprints and punch cancels in the regular issue serial
numbers. Terrific color from this set and the 10 & 20 Dollar
are Uncirculated with the balance in About Uncirculated,
with mostly handling or a light bend accounting for the
grade. All original.
About Uncirculated to Uncirculated $100-$200
4036
PCGS Gem New 66 PPQ.
4037
Page 130
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
BERMUDA
4044 Bermuda Monetary Authority. 10 Dollars, 1997. P-42c.
Great centering seen on this popular modern Bermuda
issue. Always desirable in Gem.
PMG Gem Uncirculated 66 EPQ $100-$200
4045 Bermuda Monetary Authority. 100 Dollars, 1996. P-45*.
Z prefix replacement. A pack fresh example of this highest
denomination for the series.
PMG Gem Uncirculated 66 EPQ $200-$300
4046 Bermuda Monetary Authority. 1 to 100 Dollars, 1984.
Collector’s Series Specimens. 6 pieces in lot. Bermuda
Collectors Series Specimen set from 1 Dollar to 100 Dollars.
All Uncirculated condition. Queen Elizabeth II at right.
Vibrant multicolored pieces.
Choice Uncirculated $100-$200
BOLIVIA
4047 El Banco de la Nacion Boliviana. 50 Bolivianos, 11.5.1911.
P-1 10s. Specimen. “SPECIMEN” overprints, serial
numbers, and punch cancels. An impressive ABN design
with Mercury seated at left and large counter with guilloche
detail, right. Heavy mounting remnants at the back top.
About Uncirculated $200-$300
4048 Banco Central de Bolivia. 50 Bolivianos, 1928. P-1 23s.
Specimen. Vibrant designs with exquisite detail are typical
of American Bank Note Company notes, and this one is a
prime example of that. Seen with a purple dominant color
with an orange undertint. Guilloche design in a multicolor
orange, lavender, green and pink outline the “50” counters
and vignette at center.
Choice Uncirculated $150-$250
4049 Banco Central de Bolivia. 100 Bolivianos, 1962. P-163s.
Specimen. A marvelously problem-free 100 Bolivianos
note from the Central Bank of Bolivia. This TDLR design
is seen here in impeccable condition and punched at the
signature panels.
Choice Uncirculated $150-$250
4050 El Banco Francisco Argandona. 1 Boliviano, 1909.
P-S147b. A highly difficult small format type that is offered
here with strong appeal for the grade and nice manuscript
signatures.
Choice Fine $100-$200
4051 Banco Agricola. 5 Bolivianos, 1905. P-S1025. Specimen
annotations, serial numbers, and “CANCELLED”
perforation. A lovely BWC design that shows stunning color
and detail throughout. Just handling to note.
About Uncirculated $200-$300
BRAZIL
4052 Republica Dos Estados Unidos Do Brasil. 500 Mil Reis,
1891-1931 Issue. P-92c. Gorgeous elaborate signatures
seen cascading across the face of the note. Brilliant color
and detail also observed throughout this ABNC high
denomination. Closed Split mentioned in the comments.
PMG Very Fine 20 $200-$300
From the Yuri Solovey Collection
4053 Republica Dos Estados Unidos Do Brazil. 50 Mil Reis,
06.12.1906. P-96. E. 1, Serie D. A difficult issue. This 50 Mil
Reis note shows mostly even circulation, with just a small
paper pull at the upper right and minor nick at the top
center.
Choice Fine $200-$300
4054 Republica Dos Estados Unidos Do Brasil. 20 Mil Reis,
1880. P-104. Elaborate signature seen on original paper
with a guilloche design and multicolor underprints.
PMG Choice About Uncirculated 58 EPQ $200 -$300
4055 Republica Dos Estados Unidos Do Brasil. 50 Mil Reis,
18.12.1926. P-105a. E.1A. Series 8A. A gorgeous 50 Mil
Reis piece from 1926 Brazil. Hand signed. Seen without any
major netting defects.
WBG Very Fine 25 $400-$600
From the Yuri Solovey Collection
4056 Republica Dos Estados Unidos Do Brasil. 100 Mil Reis,
18.12.1926. P-106. E. 1A, Serie 1A. A widely popular series
and this circulated example retains nice appeal for the
technical grade. A few repairs are mentioned for accuracy.
Very Good $200-$300
4057 Republica Dos Estados Unidos do Brasil. 1000 Cruzeiros,
ND. P-Unlisted. An unlisted Face Proof. Baiardi at center.
High denomination. A nice crisp note seen with some
mounting residue to the right and left of the top margins
center.
Uncirculated $100-$200
4058 Imperio Do Brasil. 2 Mil Reis, 01.06.1833. P-A220.
Decreto 1833. Serie H. A scarce Perkins printed design with
still strong green color at the protector, but suffering from
ink burn which resulted in paper loss at the left sign and
paper clip rust damage at top center.
Fine $200-$300
4059 Imperio Do Brasil. 1 Mil Reis, ND (1885). P-A250a. E.
6A, Serie 52A. Excellent manuscript signatures and light
circulation on this fully original note.
Extremely Fine $300-$500
4060 Banco de Credito Popular. 1 Mil Reis, ND (ca. 1891).
P-S550As. Specimen. E. 1 A, Series 2 A. Regular issued note
stamped Specimen and punch canceled. Serial number
12. A rare design and offered here with wonderful detail
throughout.
PMG Extremely Fine 40 Net. Cancelled.
Previously Mounted $300-$500
Bid online at www.stacksbowers.com
Page 131
The January 2017 NYINC Auction
BRITISH CARIBBEAN TERRITORIES
4061 Currency Board of the British Caribbean Territories. 1
Dollar, 1950-51. P-1. A nice medium grade BCT note via
the BWC. Nearly a radar number with the serial number
being 120202. Nice centering. Watermark of Sailing Ship.
PMG Choice Very Fine 35 $100-$200
4062 Currency Board of the British Caribbean Territories.
1 Dollar, 1958-64. P-7c. 2 pieces in lot. Consecutive pair.
Both bright and original notes with nice centering. Hindered
from a Gem designation due to both exhibiting a minor spot
or two in the margins.
PMG Choice Uncirculated 64 $400-$600
4063 Currency Board of the British Caribbean Territories. 1
Dollar, 1958-64. P-7c. 4 pieces in lot. A quartet of these
Queen Elizabeth II problem-free PMG About Uncirculated
55 EPQ notes.
PMG About Uncirculated 55 EPQ $500-$750
4064 Currency Board of the British Caribbean Territories. 2
Dollars, 1954-60. P-8b. This medium grade BWC design
shows some paper damage over the portrait of Queen
Elizabeth II. Other handling seen typical of the grade.
PMG Choice Very Fine 35 Net.
Paper Damage $200-$300
BRITISH HONDURAS
4065 Government of British Honduras. 1 Dollar, 1953-58.
P-28a. Another uncirculated example of this Queen
Elizabeth II design, although this one has mentioned
pinholes by PMG in the comments section.
PMG Choice Uncirculated 64 $500-$750
4066 Government of British Honduras. 1 Dollar, 1970-73.
P-28c. A bright, original, well centered Queen Elizabeth II
1 Dollar design from British Honduras. Detailed lathe work
seen on the reverse.
PMG Choice Uncirculated 64 EPQ $200-$300
4067 Government of British Honduras. 2 Dollars, 1960-65.
P-29b. The note is technically remarkable with picture
perfect centering and margins, deep purple and orange
color, and stunningly embossed. A piece that will certainly
catch the eye of collectors seeking only the finest of available
material.
PCGS Superb Gem New 67 PPQ $500-$700
4068 Government of British Honduras. 2 Dollars, 1960-65.
P-29b. Some dirt and toning seen on this always popular 2
Dollar design.
PCGS Very Fine 25 $200-$300
4069 Government of British Honduras. 2 Dollars, 1971-73.
P-29c. Well centered 2 Dollar British Honduras note with
bold ink and crisp problem-free paper.
PMG Gem Uncirculated 66 EPQ $200-$300
4070 Government of British Honduras. 5 Dollars, 1970-73.
P-30c. A pleasing 5 Dollar issued note. Bright red, orange,
and periwinkle color decorate the ornate front. Portrait of
the Queen at right.
PMG Gem Uncirculated 66 EPQ $400-$600
4071 Government of British Honduras. 5 Dollars, 1970-73.
P-30c. Good centering seen on this problem-free 5 Dollar
Queen Elizabeth II gem. Punch through embossing.
PMG Gem Uncirculated 65 EPQ $300-$500
4072 Government of British Honduras. 5 Dollars, 1970-73.
P-30c. An always popular 5 Dollar design from British
Honduras, featuring the Queen at right. Stained mentioned
by PMG in the comments section of the holder.
PMG Very Fine 25 Net. Stained $200-$300
Page 132
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
BRITISH WEST AFRICA
4073 West African Currency Board. 10 Shillings, 1946. P-7b. A
scarce note even in lower condition. Retaining vivid detail of
this Waterlow & Sons design, the note is still a great example
for the type.
Choice Fine $200-$300
4074 West African Currency Board. 10 Shillings, 1953-58. P-9a.
Good embossing seen with some detailed lathe work in the
borders of the note. Elephants head seen in the watermark.
Allegorical figures working in the field on the reverse of the
note.
PMG Gem Uncirculated 65 EPQ $500-$750
4075 West African Currency Board. 20 Shillings, 1953-57.
P-lOa. A high grade example of this 20 Shillings Waterlow &
Sons design from British West Africa. Elephants head seen
in the watermark bordered by a circular guilloche design of
blue, green, orange and red colors.
PMG Gem Uncirculated 66 EPQ $500-$750
BULGARIA
4076 Banque Nationale de Bulgarie. 10 Leva, 1922. P-35sl.
Specimen. “SPECIMEN” overprints, serial numbers, and
punch cancels. Nice centering and color on this 10 Leva
design.
PMG Gem Uncirculated 66 EPQ $300-$500
4077 Bulgarian National Bank. 20 Leva, 1922. P-36sl.
Specimen. Punch cancelled at signature panels. Full top
selvage with May 19, 1922 stamped at top right. Red
“SPECIMEN” overprint and serial numbers.
PCGS About New 53 PPQ $300-$400
4078 Banque Nationale de Bulgarie. 20 Leva, ND (1928).
P-49As. Specimen. Red Bulgarian overprint on this 20
Leva Specimen from the 1920 s found in a high state of
preservation.
PMG Choice Uncirculated 64 EPQ $400-$600
BURUNDI
4079 Banque Du Royaume Du Burundi. 100 Francs, 1964-
65. P-1 2a. Good centering seen, but a couple minor folds
prevent an uncirculated grade. Pinhole mentioned in the
comments section of the holder.
PMG About Uncirculated 55 $300-$500
4080 Banque Du Royaume Du Burundi. 500 Francs, 1861.
P-13. A scarce high denomination issued note seen with
great centering and in original condition.
PMG Choice About Uncirculated 58 EPQ $300-$500
4081 Banque Du Royaume Du Burundi. 1000 Francs, 1965.
P-14cts. Color Trial Specimen. A well centered Color Trial
Specimen seen with punch cancellations in the signature
panel. PMG mentions the note was Previously Mounted in
the comments section of the holder.
PMG Choice Uncirculated 64 Net.
Previously Mounted $500-$750
CAMBODIA
4082 Banque Nationale du Cambodge. 100 Riels, ND (1956-
72). P-13s2. Specimen. Specimen serial numbers, stamps,
and punch cancels. A scarce design in this form and seen
with great centering and fully original paper.
PMG Gem Uncirculated 66 EPQ $300-$500
Bid online at www.stacksbowers.com
Page 133
The January 2017 NYINC Auction
CANADA
4083 Dominion of Canada. 1 Dollar, 1898. P-DC-13c. Series
L-S. An evenly circulated note which enjoys pleasing appeal
throughout with no mentions from PCGS.
PMG Very Fine 20 $100-$200
4084 Dominion of Canada. 1 Dollar, 1923D. P-DC-25n. A
bright and original note with incredibly faint circulation.
The appeal of a much higher grade is observed.
PCGS Extremely Fine 45 PPQ $300-$500
4085 Dominion of Canada. 1 Dollar, 1923. P-DC-251.
A great representation which shows with strong original
paper and precise detail. A vertical bend and handling are
all we mention.
PMG About Uncirculated 55 EPQ $400-$600
4086 Bank of Canada. 5 Dollars, 1935. P-BC-5. A very
popular issued note bearing the Osborne/Towers signature
combination. Seen in typical condition for the grade without
any netting defects.
PMG Very Fine 30 $200-$300
4087 Bank of Canada. 5 & 10 Dollars, 1937-1954. P-BC-23b,
BC-24b, (2) BC-39b. 4 pieces in lot. BC-23b seen in PMG
55 EPQ. BC-24b seen in PMG AU 53. BC-39b seen in PMG
64 EPQ. Another example of BC-39b also seen in PCGS 55
PPQ.
Various Grades $200-$300
4088 Bank of Canada. 2 Dollars, 1954. P-BC-38aA.
Replacement. This modified portrait replacement is
bordering on a Gem state.
PCGS Very Choice New 64 PPQ $100-$200
4089 Bank of Canada. 2 Dollars, 1954. P-BC-38cA. A Queen
Elizabeth II Replacement of the 2 Dollar denomination
from the Bank of Canada. Available here in a Gem state.
PMG Gem Uncirculated 65 EPQ $300-$500
4090 Bank of Canada. 100, 1954. P-BC-43c. A nice 100 Dollar
Queen Elizabeth design. Detailed lathe work seen in
borders.
PMG Choice Uncirculated 64 EPQ $200-$300
4091 Bank of Canada. 50 Dollars & 100 Dollars, 1975. P-51a-i,
51b, & 52a-i. 3 pieces in lot. A trio of original 1975 Bank of
Canada notes. (1) 100 Dollar and (2) 50 Dollar examples
seen. The 100 Dollar found in PMG 58EPQ, and the 50
Dollar notes are seen in 63EPQ and 66EPQ.
PMG Very Fine Choice About Uncirculated 58 EPQ to
Gem Uncirculated 66 EPQ $300-$500
4092 Bank of Canada. 1, 2 & 10 Dollars, 1954. P- Various. 6
pieces in lot. Includes the following: 1 Dollar A/ A block
replacement in UNC; 1 Dollar X/A block in AU; 1 Dollar L/A
block “Devils Hair,” in UNC; 2 Dollar T/B block in UNC;
10 Dollar K/D block in UNC; 10 Dollar E/D block “Devils
Hair,” in UNC. PERSONAL INSPECTION OF THIS LOT
IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
About Uncirculated & Uncirculated $200-$300
4093 Royal Bank of Canada. 1 & 5 Pounds, ND. P-S221a &
SI 383. 3 pieces in lot. A trio of Back Proofs on these Royal
Bank designs. Two pieces seen in 1 Pound, and the other
seen in the 5 Pound denomination.
Choice Uncirculated $200-$300
4094 Royal Bank of Canada. 10 Dollars, 1935. P-CAD630 1804a.
Just a touch of circulation on this small size variety for this
Royal Bank of Canada issuer.
PMG About Uncirculated 55 $300-$500
4095 Bank of Clifton. 2 Dollars, 1861. P-CAD1251212. A scarce
Clifton Bank note seen with a fire orange color bordering
the note and outline the “2” protectors. Plate position A.
James Brown signature.
PMG Choice About Uncirculated 58 EPQ $300-$500
4096 Banque D’Hochelaga. 5 Dollars, 1907. P-360 1804FP. Face
Proof. A high grade Face Proof from Montreal, Quebec
with Ottawa No 6 seen printed in the top left of the selvage.
A black and white design printed on card stock.
PMG Gem Uncirculated 66 EPQ $300-$500
4097 Imperial Bank of Canada. 10, 1939. P-CAD3752404.
Jaffray/Phipps signatures seen on this original medium
grade 10 Dollar piece from the Canadian Bank Note
Company.
PMG Choice Very Fine 35 EPQ $75-$125
4098 La Banque Nationale. 5 Dollars, 1922. P-5 102202s.
Specimen. Perforated “SPECIMEN” over each signature
panel. Decent centering for the grade. A few pinholes
prevent the EPQ designation.
PMG Choice Uncirculated 63 $350-$500
4099 Mixed Banks. Mixed Denominations, Mixed Dates. P-S1763, S1030p, & S1666. 4 pieces in lot. Colonial Bank of Canada 1857 1 Dollar
in Good with some slight damage; Farmers Joint Stock Bank payable in Toronto 1 Dollar in Good; The Dominion Bank 1931 20 Dollar
Face and Back Proofs mounted on wide margin card stock in Uncirculated. PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON THIS LOT FOR ANY REASON.
Good to Uncirculated $500-$750
Page 134
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
CANADA-NEWFOUNDLAND
4100 Government of Newfoundland. 1 Dollar, 1920. P-NF-12d.
A scarce offering as notes of this type are typically found
very problematic. This VF example is seen without any
netting defects mentioned by PMG on the holder. Brilliant
detail is seen, and with such, this note carries itself as an
excellent example for the type.
PMG Very Fine 25 $500-$800
4101 Read, Stevenson & Co. 25 Cents, 1.3.1876. P-Unlisted.
(NB-20- 10-06) A scarce New Brunswick script note shown
here with bold manuscript signature and just some staining
to report.
PMG Very Fine 25 $200-$300
CAPE VERDE
4102 Banco Nacional Ultramarino. 50 Escudos, 1921. P-37s.
Specimen. A nice medium format design from the BWC.
Perforated “SPECIMEN” above the Vice Governors
signature panel. PMG mentioned previously mounted in
the comments section which can be seen through the face
on the left of the note, and through the back right.
PMG Choice Uncirculated 63 Net.
Previously Mounted $300-$500
4103 Banco Nacional Ultramarino. 100 Escudos, 1921. P-38s.
Specimen. Similar to the previous lot, this note just one
denomination up, features similar qualities. The red
overprints are more clearly pronounced as the design is
darker and doesn’t feature the orange color that the previous
lot has. PMG also mentions previously mounted in the
comments section of this note’s holder as well.
PMG Choice Uncirculated 64 Net.
Previously Mounted $600-$800
4104 Banco Nacional Ultramarino. 50 Escudos, 1941. P-39s.
Specimen. Printed by BWC. This appealing large format
Specimen note from Cape Verde is the first we can recall
handling. Printed in a deep red-brown ink at the frame and
with detailed multicolored underprint. A few minor sheet
folds account for the grade and printers annotations, with
some light mounting remnants are noted for accuracy.
PCGSBG About Uncirculated 53 $400-$600
4105 El Banco Nacional Ultramarino. 20 Escudos, 1958. P-47a.
A nicely centered BWC design seen with Serpa Pinto
pictured at right. Nice embossing seen through the holder.
PMG Gem Uncirculated 66 EPQ $300-$500
4106 El Banco de Cabo Verde. 100 Escudos, 1977. P-54s3.
Specimen. “SPECIMEN” overprints, serial numbers, and
punch cancels at the signatures. Terrific centering on this
modern Specimen.
PMG Superb Gem Uncirculated 67 EPQ $100-$200
CAYMAN ISLANDS
4107 Cayman Islands Currency Board. 10 Dollars, 1971. P-3.
A nice uncirculated First Issue Queen Elizabeth II seen with
good centering on problem free paper.
Choice Uncirculated $300-$500
4108 Cayman Islands Currency Board. 25 Dollars, 1974. P-8a.
A gorgeous 66 Gem of this Queen Elizabeth II design.
Watermark of Tortoise. Printed by TDLR.
PMG Gem Uncirculated 66 EPQ $100-$200
Bid online at www.stacksbowers.com
Page 135
The January 2017 NYINC Auction
CENTRAL AFRICAN REPUBLIC
4109 Banque Des Etats De LAfrique Centrale. 500 Francs, ND
(1974). P-1. Nice centering observed on this 500 Francs
from the CAR. Good Embossing also noticed through the
Gem PMG holder.
PMG Gem Uncirculated 65 EPQ $500-$750
From the Yuri Solovey Collection
4110 Banque Des Etats De LAfrique Centrale. 5000 Francs,
1.1.1980. P-11. Just some light handling accounts for the
grade on this popular high denomination design. A very
small spot at the top margin of the back is mentioned for
accuracy.
About Uncirculated $500-$750
CEYLON
4111 Central Bank of Ceylon. 5 Rupees, 1952. P-51. Queen seen at left. Some foreign substance seen in the left margin which is mentioned
by PMG in the comments section of the holder.
PMG Choice Extremely Fine 45 Net.
Foreign Substance $300-$500
CHAD
4112 Banque des Etate de LAfrique Centrale. 5000 Francs, ND (1984-1991). P-11.2 pieces in lot. Consecutive pair. Just a corner tip fold on
each of these original and appealing notes.
Uncirculated $100-$200
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CHILE
4113 El Banco de Valparaiso. 10 Pesos, 7.2.1877. P-S489s. Specimen. “SPECIMEN” overprints, serial numbers, and punch cancels. Attached
counterfoils at left and right. Dog at upper left and Liberty and Justice seated, right center. A rare design that is likely missing in even
comprehensive collections.
About Uncirculated $800-$ 1200
CHINA— REPUBLIC
4114 Bank of China. 10 Yuan, 1940. P-85s. Specimen. (S/M #C294-241) An absolutely stunning example of this 10 Yuan denomination.
Seen with punch through embossing and cancelled at the signature panels.
PMG Superb Gem Uncirculated 67 EPQ $400-$600
4115 Bank of Communications. 1 Yuan, 1914. P-1 16m. Shanghai. Some edge and internal splits.
Very Good $10-$25
CHINA— PEOPLE’S REPUBLIC
4116 People’s Bank of China. 100 Yuan, 2005. P-907. Solid 3 s are seen in the serial number of this increasingly popular modern design.
PMG Gem Uncirculated 66 EPQ $50-$ 100
Page 136
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
CHINA— FOREIGN BANKS
4117 Russo-Asiatic Bank. 50 Kopeks, ND (1917). P-S473a. Punch hole cancel at upper left. Nice embossing and just a bit of ink to mention.
Choice Very Fine $25-$50
4118 China Sino-Scandinavian. 5 Yuan, 1.2.1922. P-S592a. Tientsin. A colorful geometric lathe design seen here protecting the 5 counters.
Good centering is also seen.
PCGS Very Choice New 64 $200-$300
4119 Asia Banking Corporation. 5 Dollars, 1918. P-S112sl. Specimen. (S/M Y35-3b) Deep bold inks with red serial numbers and
“SPECIMEN” overprints. Punch cancellation at the signature panels. Multicolored guilloche counters.
PCGSBG Gem Uncirculated 65 OPQ $400-$600
CHINA— PROVINCIAL BANKS
4120 The Provincial Bank of Kwang Tung Province. 10 Dollars, 1913. P-S2399BP/FP. Face & Back Proofs. 2 pieces in lot. Face and Back
Proofs with solid zero serial numbers. An important offering not to be confused with the far more common series of 1918. These 1913
types are highly scarce and this is only the second we have handled in any form. Available here in this lot as a Gem pairing.
PMG Choice Uncirculated 66 to Superb Gem Uncirculated 67 EPQ $500-$750
CHINA— MILITARY
4121 Provincial Army of Shantung. 1 Yuan, 1926. P-S3939.
A pleasing circulated example of this Provincial Army of
Shantung 1 Yuan note from 1926. Seen with bold vibrant
guilloche protectors. Ink Stamp and Annotations mentioned
on the back of the holder by PMG.
PMG About Uncirculated 55 $200-$300
COLOMBIA
4122 Mixed Banks. Mixed Denominations, Mixed Dates.
P-301, 304, 380, 386, 390, 399, & 404. 7 pieces in lot. A nice
grouping of smaller format notes with grade increasing with
later issues. PERSONAL INSPECTION OF THIS LOT IS
STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Very Good to Uncirculated $100-$200
4123 Estado Soberano de Bolivar. 10 Centavos, 1877. P-S101.
The Hamilton Bank Note Company printed this 10 Centavos
piece. It was then mounted on to a thicker piece of paper,
with its counterfoil separated and pasted on it as well.
Choice Very Fine $300-$500
CONGO
4124 Banque des Etate de LAfrique Centrale. 10000 Francs,
ND (1971). P-1. Terrific embossing and color on this high
denomination design with just a small spot at the back
center, which prevents a Choice assessment.
Uncirculated $100-$200
4125 Banque des Etate de LAfrique Centrale. 500 Francs, ND
(1974). P-2. Just a vertical fold at center on this Congo note.
About Uncirculated $25-$50
Bid online at www.stacksbowers.com
Page 137
The January 2017 NYINC Auction
COOK ISLANDS
4126 Government of the Cook Islands. 3 Dollars to 50 Dollars, ND (1992). P-7a to 10a. 4 pieces in lot. A rare grouping of these 1992 issued
Cook Islands notes in that they are all high grade Gems. Seldom are any of these notes offered together in one place with these high
grades. Pick 7a found in 66PPQ, Picks 8a and 9a seen in 68PPQ, and Pick 10a in 67PPQ.
PCGS Gem New 66 to Superb Gem New 68 PPQ $300-$500
COSTA RICA
4127 El Banco Internacional de Costa Rica. 5 Colones,
01.12.1916. P-1 68s. Specimen. “SPECIMEN” overprints,
serial numbers, and punch cancels. Striking under-printed
styling and color on this 5 Colones design. Just some light
handling and a tight lower right margin prevent a Choice
assessment.
Uncirculated $200-$300
4128 El Banco Internacional de Costa Rica. 1 0 Colones. P- 1 69s.
Specimen. “SPECIMEN” overprints, serial numbers, and
punch cancels. Intense color and detail on this very well
preserved example.
Gem Uncirculated $200-$300
4129 El Banco Internacional de Costa Rica. 100 Colones,
1919-1932. P-1 78s. Specimen. “SPECIMEN” overprints,
serial numbers, and punch cancels. Striking color and
originality throughout with just centering preventing a Gem
assessment.
Choice Uncirculated $200-$300
4130 El Banco International de Costa Rica. 5 Colones, 1936.
P-180. A design that is always hard to locate in any state of
preservation and also one that is highly sought after. Terrific
TDLR styling and just some minor stains and margin tears
to report. Free from restoration and original for the grade.
Choice Fine $500-$750
4131 El Banco Internacional de Costa Rica. 2 Colones to 10
Colones, Mixed Dates. P-1 84s to 186s. Specimens. 3 pieces
in lot. An appealing group with a 2 Colones note in Issued
form in Very Fine and both the 5 and 10 Colones notes in
Specimen form, with the 5 Colones in About Uncirculated
and the 10 Uncirculated. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
Very Fine to Uncirculated $300-$500
4132 El Banco Central de Costa Rica. 500 Colones, 1982.
P-249b. Terrific centering and originality on this high
denomination design.
Gem Uncirculated $50-$ 100
4133 El Banco Central de Costa Rica. 1000 Colones, 1975-85.
P-250s. Specimen. Punch cancellations at the signature
panel. Red all over design with hints of yellow and green
within the guilloche design. Black “SPECIMEN” overprints
with red solid zero serial numbers.
PMG Superb Gem Uncirculated 67 EPQ $100-$200
4134 Central Bank de Costa Rica. 100 Colones, ND (1987).
P-254pp. Progressive Proofs. 4 pieces in lot. A nice grouping
of Progress Proofs on this 100 Colones design. Full face and
back piece with color bars and annotations; Under-print
only with back showing further under-print work; Primary
face design. Just handling on all and a sheet fold on the last
mentioned piece. PERSONAL INSPECTION OF THIS
LOT IS STRONGLY RECOMMENDED. THERE WILL
BE NO RETURNS ON THIS LOT FOR ANY REASON.
About Uncirculated $50-$100
4135 Banco de Costa Rica. 50 Colones, 01.01.1901. P-S176s.
Specimen. “SPECIMEN” overprints, serial numbers, and
punch cancels. Sheet selvage at left, right and bottom.
Extraordinary color and appeal with just handling
preventing an Uncirculated grade.
About Uncirculated $200-$300
4136 Banco de Costa Rica. 100 Colones, 1905. P-S177s.
Specimen. 2 pieces in lot. “SPECIMEN” overprints, serial
number, and punch cancels. A cut pair from a sheet of
Specimen notes with one showing top selvage in About
Uncirculated and the other in Uncirculated, with just slight
handling prevent a Choice grade. Both with large left and
right margins. PERSONAL INSPECTION OF THIS LOT
IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
About Uncirculated to Uncirculated $400-$600
Page 138
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
COSTA RICA
4137 El Banco de Costa Rica. 5 Pesos to 20 Pesos, Mixed
Dates. P- Various. 10 pieces in lot. A pleasing assortment
of ABN produced notes with all in remainder form.
Seven different designs included with most Uncirculated
and if not just handling or a corner tip fold is present.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
About Uncirculated to Uncirculated $100-$200
4138 Mixed Banks. Mixed Denominations, Mixed Dates.
P-256, 255, 226, 221, 209, & 194. 6 pieces in lot. An
appealing group of notes with the following; P-1 94a in Very
Fine; P-209a in Extremely Fine with ink at left; P-221c in
About Uncirculated; P-226c in About Uncirculated; P-255
in uncirculated; P-256 in About Uncirculated with some
minor stains. PERSONAL INSPECTION OF THIS LOT
IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Very Fine to Uncirculated $400-$600
CUBA
4139 Tesoro de la Isla de Cuba. 20 Pesos, 1891. P-41b. An
unsigned 1891 20 Pesos piece from the Tesoro de la Isla de
Cuba seen with typical handling for the grade. A gorgeous
piece and certainly a desirable note for any Cuban collector.
PCGS Very Fine 25 $400-$600
4140 La Republica de Cuba. 1 Peso, 1869. P-61. Series E. High
serial number of 27935 in red towards top left. Red seal at
bottom left.
Choice About Uncirculated $100-$200
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4141 La Republica de Cuba. 5 Pesos, 1869. P-62. Series L.
Uniface. Nice embossing present on this stamp signed 5
Pesos note. Serial Number 2879.
Choice Very Fine $500-$750
4142 Banco Nacional De Cuba. 1 Peso to 100 Pesos, 1994.
P-FX37s to 41s. Specimens. 6 pieces in lot. “SPECIMEN”
overprints and serial numbers. A nice Foreign Exchange set
in this bright specimen form. All show with just a handling
mark at the left center. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
About Uncirculated to Uncirculated $100-$200
CURACAO
4143 De Curacaosche Bank. 10 Gulden, 1939. P-23. A rare note
retaining detail for the grade. Edge splits in the margins
mentioned for accuracy.
Fine $200-$300
4144 De Curacaosche Bank. 10 Gulden, 1943. P-26. Some
toning and staining mentioned for accuracy. A few rips
along the margin. Detail remains. Good registration.
Fine $200-$300
4145 Muntbiljet. 1 Gulden, 1947. P-35. A premium uncirculated
Specimen example of this 1 Gulden design. Seen with
punch cancellations in the signature panel and dark navy
overprints.
Choice Uncirculated $100-$200
From the Yuri Solovey Collection
CYPRUS
4146 Government of Cyprus. 5 Pounds, 1955-60. P-36a. More
appeal than the technical grade would suggest on this
highest denomination for the series.
PMG Choice Very Fine 35 $400-$600
4147 Central Bank of Cyprus. 5 Pounds, 1974-76. P-44c. This
lovely third date 5 Pounds Cyprus note offers excellent
centering and pleasing eye appeal. Problem-free Gem, and
the finest we’ve offered of the type.
PMG Gem Uncirculated 66 EPQ $300-$500
4148 Central Bank of Cyprus. 5 Pounds, 1974-76. P-44c. Very
bright inks seen with an eagle at right. Intricate lathe work
seen at the right seal with even more intricate detail on the
seal at left. A very pleasing piece.
PMG Choice Uncirculated 64 EPQ $200-$300
4149 Central Bank of Cyprus. 5 Pounds, 1.6.1979. P-47. A few
minor handling marks prevent a Gem assessment.
Choice Uncirculated $100-$200
4150 Central Bank of Cyprus. 10 Pounds, 1.9.1983. P-48.
Wonderful embossing and just a handling mark at the upper
left prevents a Gem assessment.
Choice Uncirculated $100-$200
CZECHOSLOVAKIA
4151 Republic of Czechoslovakia. 5000 Korun, 1920. P-1 9s.
Specimen. A stunning large format high denomination
design. Seen with very colorful inks and a guilloche
protector around the center vignette.
PMG Choice Uncirculated 64 $100-$200
DENMARK
4152 National Banken 1 Kjobenhavn. 1 Krone, 1918. P-12d.
Just a corner tip fold is mention on this original note.
About Uncirculated $50-$ 100
Bid online at www.stacksbowers.com
Page 139
The January 2017 NYINC Auction
DENMARK
4153 Danmarks Nationalbank. 10 Kroner, 1937. P-3 Ids.
Specimen. This 1937 Denmark “SPECIMEN” from the
National Bank is seen with flawless centering. This is a later
issue of this 10 Kroner. Good embossing also present, with
green specimen overprints.
PCGS Gem New 66 PPQ $1000-$2000
4154 Danmarks Nationalbank. 10 Kroner, 1947. P-37. A scarce
cutting error found on this lightly circulated 10 Kroner note
from the National Bank of Denmark.
About Uncirculated $200-$300
4159 Banco De La Compania De Credito De Puerto Plata.
10 Pesos, 188x. P-S106r. Remainder. A lovely high grade
unsigned Remainder from the Dominican Republic.
Explorers seen at left with allegorical figures at right and
center.
PMG Gem Uncirculated 65 EPQ $200-$300
EAST AFRICA
4160 The East African Currency Board. 20 Shillings, 1953-56.
P-35. High grade examples of any notes from this issuer are
difficult and these 20 Shilling 1955 dated pieces are among
the few which are available due to a small trove uncovered.
The supply however has quickly dried up and these are
starting to trend upwards quickly in price with each offering.
PMG Gem Uncirculated 66 EPQ $500-$750
4161 East African Currency Board. 20 Shillings, ND (1964).
P-47. 2 pieces in lot. Consecutive pair. A similar pairing to
the Queen Elizabeth II designs we are also offering. Both
with very minor stains and just some handling. Scarce in
this pleasing consecutive form.
About Uncirculated $300-$500
DJIBOUTI
4155 Territoire Francais des Afars et des Issas. 5000 Francs, ND
(1975). P-35. A high denomination design with the appeal
of an Uncirculated note, as the circulation is quite subtle.
About Uncirculated $200-$300
4156 Republique de Djibouti Banque Nationale. 5000 Francs,
ND (1979). P-38d. A stunning high denomination Djibouti
design seen here in a high grade gem 67 PPQ holder. Portrait
at right, with great centering.
PCGS Superb Gem New 67 PPQ $200-$300
DOMINICAN REPUBLIC
4157 El Banco Central de la Republica Domincana. 1 Peso
to 1000 Pesos, ND (1964-1974). P-99s-106s. Specimen.
8 pieces in lot. Specimen serial numbers, overprints, and
punch cancels. A full denomination set with each showing
stunning color and originality.
Choice Uncirculated $200-$300
4158 El Banco Central de la Republica Domincana. 1 Peso to
1000 Pesos, 1977-1988. P-1 17s to 124s. Specimen. 7 pieces
in lot. Specimen serial numbers, overprints, and punch
cancels. A bright set with each note showing exceptional
color and detail.
Choice Uncirculated $200-$300
EAST CARIBBEAN STATES
4162 East Caribbean Currency Authority. 20 Dollars, ND
(1965). P-1 5b. A scarce 20 Dollar denomination and this
example shows just a light pair of vertical folds.
About Uncirculated $300-$500
4163 Eastern Caribbean Central Bank. 20 Dollars, ND (2000).
P-39m. A pack fresh 20 Dollar design on this popular issuer.
PMG Gem Uncirculated 65 EPQ $50-$ 100
EGYPT
4164 National Bank of Egypt. 25 Piastres, 1940-46. P-lOc.
Bright ink on this exquisite BWC design. Nixon signature at
bottom. Nice central lathe work also observed.
PMG About Uncirculated 53 $200-$300
4165 National Bank of Egypt. 1 Pound, 5.8.1942. P-22c. Just
some minor stains to report on this popular 1 Pound type.
Very Fine $50-$100
4166 National Bank of Egypt. 5 Pounds, 1952-60. P-31.
Nice embossing seen on this problem-free 5 Pound note.
Multicolored underprints.
Uncirculated $100-$200
Page 140
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
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EGYPT
4167 Central Bank of Egypt. 25 8c 50 Piastres, 1961-1966. P-35b & 36a. 20 pieces in lot. A ten pair grouping with (10) Pick 35b 25 Piastres
notes, and (10) Pick 36a 50 Piastres notes. Each piece seen in pack fresh condition.
Uncirculated $300-$500
EL SALVADOR
4168 El Banco Central de Reserva de El Salvador. 1 Colon,
1944-47. P-83. 3 pieces in lot. Trio with Farmer with Oxen
pictured at center. Christopher Columbus on back.
Very Fine $100-$200
4169 El Banco Central de Reserva de El Salvador. 5 Colones,
1944. P-84a. Delgado addressing crowd at center with
Christopher Columbus on back. Series D. Hand Drawn
signature on reverse.
Very Fine $100-$200
EQUATORIAL GUINEA
4170 Banque Central de la Republique de Guinee. 50 to 5000
Francs, 1985. P-29s to 33s. Specimens. Picks 29s, 31s, and
33s are all graded 65 while both 30s and 32s received 66 s
from PMG. This set ranges in denomination from 50 Francs
to 5000 Francs. Conservatively estimated for a Gem Set from
Guinea.
PMG Gem Uncirculated 65 EPQ 8c 66 EPQ $300-$500
ESTONIA
4171 Eesti Vabariigi Vahetustaht. 25 Marka, 1922. P-54c. An
underrated type and issuer with this note also bearing a
striking two digit serial number of 0000031. Just a corner tip
fold at the upper right and trivial handling are noticed.
PCGS Choice About New 58 PPQ $300-$600
4172 Bank of Estonia. 50 Krooni, 1929. P-65a. Estonian
landscape at the left of center. Multi-Colored guilloche design
on back. A problem-free example surely to be pleasing in any
collection.
PMG Superb Gem Uncirculated 67 EPQ $400-$600
ETHIOPIA
4173 Bank of Ethiopia. 2 Thalers, 1.6.1933. P-6. Very detailed
Ethiopian design seen with bold and vibrant inks. Empress
Zaudita and Emperor Haile Selassie I seen at center.
Uncirculated $100-$200
EUROPEAN UNION
4174 Portugal. 50 Euro, 2002. P-4m. These European Union
notes have been increasing in popularity over the past year.
Offered here is a 50 Euro note from Portugal.
PMG Choice Uncirculated 64 EPQ $100-$200
Page 141
Bid online at www.stacksbowers.com
The January 2017 NYINC Auction
FAEROE ISLANDS
4175 Danish Administration. 10 Kroner, 1940. P-2. A special
offering as this note for the Faeroe Islands could easily be
confused with the 1937 Denmark 10 Kroner. It is important
to note the red overprint which immediately changes the
obligation to that of a Faeroe Islands 10 Kroner.
PMG Choice About Uncirculated 58 $300-$500
4176 Danish Administration. 1 Krone, 1940. P-9. Decent
centering on a colorful design. A few folds but the note is
still seen in original quality.
PMG Choice Extremely Fine 45 EPQ $50-$75
4177 Danmarks Nationalbank. 5 Kroner, 1940. P-1 Or.
Remainder. Without overprints. A seldom offered
remainder seen here in nice uncirculated condition.
Previously Mounted mentioned by PMG in the comments
section.
PMG Choice Uncirculated 64 Net.
Previously Mounted $600-$800
From the Yuri Solovey Collection
FAEROE ISLANDS
4178 Faeroe Islands Bank. 10 Kroner, 1940. P-1 las. Specimen.
A vibrant Specimen note with gradient pink and light green
tones. Punch perforated “CANCELLED” at lower center
with penned annotation at top margin.
PCGSBG Choice Uncirculated 64 Details.
Minor Hinge $400-$600
FALKLAND ISLANDS
4179 British Administration. 1 Pound, 1977. P-8c. A nice
TDLR design seen with original paper quality with just a
minor fold.
PMG Choice About Uncirculated 58 EPQ $80-$ 120
FIJI
4180 Government of Fiji. 1 Pound, 1941. P-40a. Triple
signatures of Robertson, Hayward, and Banting observed
on this vibrant 1 Pound design. PMG mentions Rust in the
comments section.
PMG Very Fine 20 Net. Rust $200-$300
4181 Reserve Bank of Fiji. 50 Dollars, ND (1996). P-lOOb. Nice
embossing seen on this modern, well centered, problem-
free gem.
PCGS Gem New 66 PPQ $300-$400
FINLAND
4182 Finlands Bank. 50 Markkaa, 1939. P-72a. Sensational
originality and color with just some handling at the upper
right corner likely accounting for the grade.
PCGS Choice About New 58 PPQ $300-$500
4183 Finlands Bank. 1000 Markkaa, 1945. P-90. These large
format notes are always popular with collectors and this
high denomination shows perfectly original paper with just
a center fold to mention.
PCGS Choice About New 58 PPQ $300-$500
4184 Finlands Bank. 500 Markkaa, 1975. P-1 10b. A perfect
match to the “a” type we are also offering at the Superb Gem
New grade level.
PCGS Superb Gem New 67 PPQ $500-$750
4185 Finlands Bank. 500 Markkaa, 1975. P-1 10a. Deeply
embossed paper, bold color, and nice centering help confirm
the Superb Gem New grade assigned by PCGS Currency.
PCGS Superb Gem New 67 PPQ $500-$750
4186 Finlands Bank. 500 Markkaa, 1986. P-1 16a. One of two
offerings on this design type available at this high end Gem
state.
PCGS Superb Gem New 67 PPQ $400-$600
4187 Finlands Bank. 500 Markkaa, 1986. P-120. Exceptional
color and centering on this modern high denomination
note.
PCGS Superb Gem New 67 PPQ $300-$500
4188 Finlands Bank. 1000 Markkaa, 1986. P-121. A near perfect
example of this modern high denomination design with
exceptional color and centering to help account for the lofty
grade.
PCGS Superb Gem New 68 PPQ $500-$800
Page 142
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
FRANCE
4189 Banque de France. 5 Francs, 1926-32. P-72d. A light
fold is the only thing keeping this note from uncirculated
condition. Nice color and detail.
PCGS Choice About New 58 PPQ $70-$ 100
4190 Banque de France. 100 Francs, 1940. P-94. A nice problem
free AU example of this beautiful 100 Franc design. Seen
with some minor folding.
About Uncirculated $50-$ 100
4191 Banque de France. 1000 Francs, 1940. P-96a. A gorgeous
piece seen with dueling portraits ordained with laurel
crowns. Boardwalk margins and decent registration typical
for high grade. Minor rust mentioned on holder likely
preventing a higher grade and the EPQ designation.
PMG Choice Uncirculated 64 $300-$500
4192 Banque de France. 5 Francs, 1967-70. P-146b. An
exceptional example of this 1970 dated 5 Francs type.
PCGS Superb Gem New 67 PPQ $200-$300
4193 Bank of France. 50 Francs, 1971-74. P-148d. Excellent
features contributing to the Gem grade received by PMG.
Intense embossing creating visible paper waves seen with the
naked eye! Nearly impeccable margins on this crisp white
banknote. This note has an appearance of a sophisticated
painting on both sides, with the scenery in the background
with Jean Racine as the foreground. Multicolored note. Port
Royal des Champs Abbey at center, Jean Racine at right.
Jean Racine at left, view of La Ferte-Milon on back.
PMG Gem Uncirculated 66 EPQ $200-$300
4194 Banque de France. 100 Francs, 1991. P-154f. Just some
handling to report on this 100 Franc note.
About Uncirculated $25-$50
4195 Bank of France. 5 & 500 Francs, Mixed Dates. P-1 46b &
156i. 3 pieces in lot. This trio contains Pick 146b in CAU
58 EPQ condition, and a pair of consecutive Pick 156i 500
Francs notes in CU 64.
PMG Choice About Uncirculated 58 PPQ to
Choice Uncirculated 64 $200-$300
4196 Domaines Nationaux. 50 Sols, 23.5.1793. P-A70b. 2 Pieces of Lot. A very rare, high grade pairing of these 50 Sols notes from 1793.
It is utterly amazing how embossed each piece is and that they still retain complete originality 223 years after the pieces were printed.
PCGS Gem New 65 PPQ $200-$300
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FRENCH ANTILLES
4197 Institut D’Emission Des Departments D’Outre-Mer. 10 Francs, ND (1964). P-8s. Specimen. Nice margins and great registration.
Vibrant color. Perforated “SPECIMEN” written down the right side. Terrific color on the engaging vignette.
PCGS Superb Gem New 67 PPQ $500-$750
Bid online at www.stacksbowers.com
Page 143
The January 2017 NYINC Auction
FRENCH ANTILLES
4198 Institut D’Emission Des Departments D’Outre-Mer.
10 Francs, ND (1964). P-8b. PMG Choice Uncirculated
64. Bold color and nice embossing with the later being
mentioned by PMG in the comments section of holder. The
2nd date for the type. Very minor rust likely the reason for
the absence of EPQ.
PMG Choice Uncirculated 64 $400-$600
nm French Antilles, Rcpublique Prantjlnsi-
r IVKj Plet< ® N,J * ,5Mk 30 |i ™ 1
HIT* 4ii SfN Vj P14WI - ft. hntit-V loi, . K. t Supper
4199 Republique Francaise. 50 Francs, ND (1964). P-9b. A
scarce higher denomination note which shows with a lovely
banana harvest on the face. Nice margins, with overprints of
all French Antilles departments written in the margins.
PMG Choice Uncirculated 64 $500-$750
FRENCH EQUATORIAL AFRICA
4200 Institut D’Emission De LAfrique Equatoriale Francaise.
50 Centimes, ND (1917). P- la. 2 pieces in lot. An impressive
pairing of this first catalog number for the issuer. Just a few
minor stains on each.
Extremely Fine $300-$500
4201 Government General De L’afrique Equatoriale Francaise.
50 Centimes, 1917. P-1. A scarce change note type and
shown here bordering on a full Extremely Fine state.
Choice Very Fine $100-$200
FRENCH EQUATORIAL AFRICA
4202 Caisse Centrale de la France D’Outre-Mer. 50 Francs,
ND (1947). P-23s. Specimen. An uncommon French
Equatorial Specimen, seen here in Uncirculated condition,
with punch through embossing. We mention pinholes and a
slight amount of very faint handling for accuracy.
Uncirculated $400 -$600
FRENCH GUIANA
4203 Banque de la Guyane. 100 Francs, ND (1942). P-1 3s.
Specimen. An uncirculated medium format French Guiana
note. Red “SPECIMEN” overprints on each signature panel.
Sailor s map of Guyane seen on papyrus paper at left. Ornate
lathe design bordering the E.A. Bank Note Co. design.
Choice Uncirculated $400-$600
4204 Caisse Centrale de la France D’Outre-Mer. 100 Francs,
1944. P-1 7s. Specimen. A lovely medium format Specimen
seen with an elaborate center design of an allegorical figure
flanked by fruit trees.
PMG Choice About Uncirculated 58 $300-$500
Page 144
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
FRENCH INDIA
4205 Government of India. 5 Rupees, ND (1928-35). P-1 5b.
(Jhun3.5.2) A note which could not be argued if graded
Extremely Fine as the circulation is very light.
PMG Choice Very Fine 35 $400-$600
4206 Reserve Bank of India. 10 Rupees, ND (1957-62). P-R3.
Heavy circulation with some holes and tears that are
mentioned for accuracy on this 10 rupees note.
Fine $200-$300
FRENCH INDO CHINA
4207 Banque de L’lndochine. 100 Piastres, ND (1925-39).
P-5 Id. Just a touch of toning in the margins and handling to
mention on this well embossed large format type.
About Uncirculated $100-$200
4208 Institut D’Emission Des Etats Du Cambodge, Du Laos et
Du Veit-Nam. 200 Piastres, 1953. P-98. A scarce design in
issued form with most high-grade examples being Specimen
notes. This issued piece shows great color, trivial circulation
with just a small tear at upper left, and a run of pinholes at
the extreme lower right corner.
Extremely Fine $300-$500
FRENCH SOMALILAND
4209 Banque de L’lndochine. 5 Francs, ND (1945). P-14. Just a
pair of corner tip folds along with a center fold is all we can
locate when looking through the holder.
PMG About Uncirculated 50 EPQ $100-$200
4210 Banque de LTndochine. 20 Francs, ND (1945). P-15. This
French Somaliland series is scarce and this 20 Francs note is
one of the more pleasing we have handled.
PMG Choice Very Fine 35 $200-$300
4211 Banque de L’Indochine. 100 Francs, ND (1945). P-16.
Always a popular Palestine produced series and this higher
denomination note is rarely offered in any form. Just a
few splits which are mentioned by PMG in the comments
section of the holder.
PMG Very Fine 25 $300-$500
FRENCH WEST AFRICA
4212 Banque de UAfrique Occidentale. 5 Francs to 100 Francs,
Mixed Dates. P-5Bg,7Bb,llBb. 3 pieces in lot. All Dakar.
A nice trio with P-5Bg in Extremely Fine with pinholes and
small internal tear, P-7Bb in Very Fine with minor stains
and small internal tears at left, P-llBb in Very Good with
rust damage. PERSONAL INSPECTION OF THIS LOT
IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Very Good to Extremely Fine $100-$200
4213 Banque de LAfrique Occidentale. 5 Francs, 1942-1943.
P-28s. Specimen. Great centering and bold inks seen on
this specimen with red overprints on each signature panel.
Striking lifelike portrait of native at center.
Uncirculated $100-$200
Bid online at www.stacksbowers.com
Page 145
The January 2017 NYINC Auction
FRENCH WEST AFRICA
4214 Banque de LAfrique Occidentale. 1000 Francs,
14.12.1942. P-32s. Specimen. “SPECIMEN” overprints,
serial numbers, and punch cancels. A very difficult design
in higher grades in issued form leaving just these appealing
Specimen notes to satisfy collectors seeking maximum
appeal. Strong original paper, nice color, and excellent
centering.
Gem Uncirculated $400-$600
4215 Banque de LAfrique Occidentale. Mixed Denominations,
Mixed Dates. P-33 to 40. 8 pieces in lot. A nice partial type
set for this issuer with the 25 Francs note in Uncirculated
and the balance in mostly Fine to Very Fine states with a
few better and some worse. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
Very Good to Uncirculated $200-$300
4216 Institut d’Emission. 50 Francs, ND (1956). P-45. Togo.
Nice centering seen here with allegorical figures at center.
Faded annotation in the bottom right.
PMG Choice Uncirculated 64 $150-$200
4217 Banque de LAfrique Occidentale. Mixed Denominations,
Mixed Dates. P-21, 28, (2)30, (2)31, 42, (2)45. 9 pieces in
lot. A strong variety of notes from this issuer with all pieces
showing pleasing appeal. A few with minor problems but an
overall attractive group. Mostly in Fine to Very Fine grades
with a few better or worse. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
Fine to Extremely Fine $100-$200
GABON
4218 Banque des Etate de LAfrique Centrale. 10000 Francs,
ND (1971). P-1. Fully original and nicely centered. Difficult
in this pristine form.
Gem Uncirculated $300-$500
GAMBIA
4219 The Gambia Currency Board. 10 Shillings, ND (1965).
P-ls. Specimen. A colorful design and seen here in pristine
quality with the exception of minor rust. The first we have
seen as a Specimen.
PMG Choice Uncirculated 64 $150-$250
GERMANY
4220 Reichsbanknote. 20 & 50 Mark, 1906 to 1914. P-41
& 46. 41 pieces in lot. (20) 1914 dated 20 Mark notes
and (21) 1906 to 1910 dated 50 Mark notes. Some with
splits and other small problems. Mostly Fine-Very Fine.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Very Good to Extremely Fine $100-$200
4221 Republic Treasury. 20 Billionen Mark, 1924. P-138. A
circulated 1924 20 Billionen Mark. Some hard folds, stuffs,
and staining seen that are typical for the grade.
PMG Very Fine 25 $400-$600
4222 State Loan Bank East. 1000 Mark, 1918. P-R134a. Black
signatures with six digit serial numbers. Perfectly original
and not typically offered this nice.
PMG Gem Uncirculated 66 EPQ $300-$500
4223 Sachsiche Bank Zu Dresden. 100 Mark, 1911. P-S952b. A
colorful example retaining bold inks regardless of exceeding
100 years of age. Good centering is seen along with vivid
detail between the margins.
Uncirculated $100-$200
GERMANY, FEDERAL REPUBLIC
4224 Deutsche Bundesbank. 20 Deutsche Mark, 1960. P-20a.
A nice Gem pairing of these 1960 20 Deutsche Mark
banknotes from the German Federal Republic.
PMG Gem Uncirculated 66 EPQ $100-$200
4225 Deutsche Bundesbank. 50 Deutsche Mark, 1970. P-33a.
Urmiller seen at right and is also featured in the watermark
at left. An intricate guilloche design is also present.
PMG Superb Gem Uncirculated 67 EPQ $200-$300
4226 Deutsche Bundesbank. 50 Deutsche Mark, 1977. P-33b. A
later issue than the previous lot. Seen with just slightly less
appealing margins.
PMG Gem Uncirculated 66 EPQ $100-$200
4227 Deutsche Bundesbank. 50 Deutsche Mark, 1980. P-33d.
Different signatures than the previous lot. Same condition
and virtually identical with the exception of the serial
numbers and signature panels.
PMG Gem Uncirculated 66 EPQ $100-$200
4228 Deutsche Bundesbank. 100 Deutsche Mark, 1970. P-34a.
A predominantly blue tinted note with some more vibrant
hues to the left of center. Vivid detail seen in the portrait of
Munster at right.
PMG Gem Uncirculated 66 EPQ $150-$250
4229 Deutsche Bundesbank. 100 Deutsche Mark, 1980. P-34d.
Great margins and centering seen on problem free paper.
Different signatures as the lot before as this example is a
later issue. Copyright also seen on the back.
PMG Superb Gem Uncirculated 67 EPQ $200-$300
Page 146
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
GERMANY, FEDERAL REPUBLIC
4230 Deutsche Bundesbank. 200 Deutsche Mark, 1989. P-42.
The first of two Superb Gems we are offering in this type.
Beyond great margins and centering typically seen in 68s.
PMG Superb Gem Uncirculated 68 EPQ $500-$750
4231 Deutsche Bundesbank. 50 Deutsche Mark, 1996. P-45.
Neuman seen just to the right of center on this well
embossed 50 Deutsche Mark Gem.
PMG Superb Gem Uncirculated 67 EPQ $100-$ 150
4232 Deutsche Bundesbank. 200 Deutsche Mark, 1996. P-47.
An identical note to the one before it. Superb in every facet.
PMG Superb Gem Uncirculated 68 EPQ $500-$700
GHANA
4233 Bank of Ghana. 50, 100, & 200 Cedis, ND (1983). P-25as-27as. Specimens. This colorful and problem-free set includes one of each of
the 50, 100, and 200 Cedis notes. This TDLR set features the Specimen oval overprint stamps on the top left and bottom right of each
note with a punch cancellation at the Governors signature panel.
Choice Uncirculated $400-$600
GREAT BRITAIN
4234 Lords Commissioners of His Majesty’s Treasury. 10 Shillings, ND (1918). P-350b. Red serial numbers. An impressive example of this
KGV type that is well above the average in grade. It seems just a light bend is the only form of circulation.
PMG Choice About Uncirculated 58 $500-$750
4235 Bank of England. 1 Pound, ND (1928-48). P-363e. A problem-free 1 Pound Great Britain note with an overprinted stamp on each side
that reads “Withdrawn from Circulation September 18th, 1941”.
PMG Choice Uncirculated 63 EPQ $300-$500
4236 Bank of England. 10 Shillings, ND (1960-1970). P-373. 2 pieces in lot. A consecutive uncirculated offering of this popular Bank of
England design.
Uncirculated $ 1 00-$200
4237 Bank of England. 10 Pounds, 2000. P-389. 2 pieces in lot. Consecutive pair. A bright pairing of this modern QEII design.
Gem Uncirculated $100-$200
4238 British Armed Forces. 10 New Pence, 6th Series (1972). P-M48. The highest grade we have handled of this British Armed Forces 10
New Pence design. Near perfect centering exhibited.
PCGS Superb Gem New 69 PPQ $100-$200
Bid online at www.stacksbowers.com
Page 147
The January 2017 NYINC Auction
GREECE
4239 Bank of Greece. 50 Drachmai, 1935. P-104. A popular
Greek design seen with some handling.
Choice Very Fine $25-$50
4240 Bank of Crete. 25 Drachmai, 1915. P-S153. King Minos
at upper left. Three hand written signatures at the bottom
panel. Printed by BWC. Issued for the Bank of Crete on
Greece’s largest island.
PCGSBG Very Fine 25 $50-$100
4241 Ionian Islands. 5000 Drachmai, ND (1941). P-M18. A nice
high denomination piece from the Heptanese (7 Islands) of
Greece. The Ionian Islands are known for their beauty, thus
this note representing the Islands with waves within the
border of the Greek key. This region of Greece was under
Venetian rule for a few hundred years, which is why there
are minor similarities of this note with the Italian notes from
a similar period.
Choice Uncirculated $200-$300
GREENLAND
4242 Styrelsen af Kolonierne i Gronland. 50 Ore, ND (1913).
P-1 2c. Large signatures of Jensen/Barner Rasmussen. A
more challenging later signed note that is seen here in a
splendid Choice About New condition. Deep bold inks.
PCGS Choice About New 58 PPQ $500-$800
4243 Den Kongelige Gronlandske Handel. 5 Kroner, 1953-67.
P-1 8a. Just a light vertical fold at center on this appealing
polar bear design.
About Uncirculated $100-$200
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4244 5 Ore, ND (1940’s). P-M3. A nice stamp shaped design for
this 5 Ore note from Greenland. The note is placed in a tiny
envelope to ensure its preservation.
Choice Uncirculated $200-$300
GUATEMALA
4245 Banco de Guatemala. 1 Quetzal, 1968. P-52. Three printed
signatures seen on this 1 Quetzal note from Guatemala.
Handling typical of grade.
Fine $10-$20
4246 Banco de Guatemala. 1 Peso, 1914-15. P-S141b. Large
red serial numbers seen on this medium sized piece. These
specialized issues are very desirable. A minor fold prevents
an uncirculated designation.
PMG Choice About Uncirculated 58 EPQ $200-$300
GUERNSEY
4247 States of Guernsey. 1 Pound, ND (1969-75). P-45a. Bold
inks seen on this eye catching design. Good centering.
PCGS Gem New 66 PPQ $100-$200
GUERNSEY
4248 States of Guernsey. 20 Pounds, 2012. P-6 1 . Commemorative
in presentation booklet. A well designed presentation with a
20 Pound note and (5) 10 Pound stamps.
Uncirculated $50-$ 100
HAITI
4249 Banque de la Republica D’Haiti. 2 Gourdes, 1979.
P-231 A. Bright paper, and bold inks on this triple signature
2 Gourdes note. A singular fold preventing an uncirculated
designation.
PMG Choice About Uncirculated 58 EPQ $100-$200
Catherine Flon 10 Gourdes
Seamstress Note
4250 Banque de la Republique d’Haiti. 10 Gourdes, 1988.
P-247p. Proof. A very desirable 10 Gourdes “Seamstress”
Proof from Haiti. Seen here with oversized selvage in the left
and top margins, with the top margin featuring a striping of
different color inks from the printer. Haitian Revolutionary
Catherine Flon, Haiti’s Betsy Ross, sewing the first Haitian
Flag at right.
PCGS Gem New 66 PPQ $300-$500
HONDURAS
4251 Banco Central de Honduras. 10 Lempiras, 1954-69. P-52s.
Specimen. “SPECIMEN” overprints and serial numbers.
Nice appeal with just typical mounting remnants observed.
PMG Choice Uncirculated 64 Net.
Previously Mounted $300-$500
Page 148
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
HUNGARY
4252 Penzugyminiszterium. 50 & 100 Kroner, 1920. P-62 & 63.
2 pieces in lot. Detailed design. Pair seen with heavy folds.
Choice Very Fine $150-$200
ICELAND
4253 Islands Banki. 5 Kronur, 1920. P-15r. Remainder.
Remainder. A nice uncirculated small size note featuring a
vibrant hot pink underprint. A desirable piece likely missing
from most starter collections.
Choice Uncirculated $200-$300
ICELAND
4254 Landsbanki Islands. 100 Kronur, 1928 (ND 1934-56).
P-Unlisted. Color Trial Specimen. A gorgeous unlisted 100
Kronur Gem. Seen here with deep bold inks.
PMG Gem Uncirculated 65 EPQ $300-$500
4255 Sedlabanki Islands. 1000 Kronur, 1961. P-46s. Specimen.
“SPECIMEN” perforations, serial numbers and overprints.
Annotations in the margins and light mounting remnants
are seen on this high denomination design.
PMG Choice Uncirculated 64 $200-$300
Beautiful King George 10 Rupees
INDIA
4256 Government of India. 10 Dollars, 1861. P-7a. A stunning 10 Rupees note seen with King George on right and a watermark of him
featured at left. Denning Signature seen in the signature panel. Spindle holes mentioned in the comments section of the holder, but those
are also typically found on these types of notes.
PMG About Uncirculated 55 $500-$700
Bid online at www.stacksbowers.com
Page 149
The January 2017 NYINC Auction
INDIA
4257 Government of India. 10 Rupees, ND (1917-30). P-7a.
(Jhun3.7.1) The second KGV design for the 10 Rupee
denomination. Near Extremely Fine quality with light even
circulation.
PMG Choice Very Fine 35 Net. Rust $500-$700
4258 Reserve Bank of India. 2 Rupees & 10 Rupees, ND (1937)
& ND (1943). P-1 7b & 19a. 2 pieces in lot. A nice pairing
seen here with Pick 17b in PMG 58 Net for Thinning, and
staple holes at issue. Pick 19a seen in a PMG 50, with staple
holes at issued mentioned in the comments section.
PMG Very Fine About Uncirculated 50 to
Choice About Uncirculated 58 Net.
Staple Holes at Issue; Thinned $250-$350
4259 The Reserve Bank of India. 5 Rupees, ND (1943). P-1 8b.
King George at right. Typical staple holes at left.
PCGSBG About Uncirculated 55 Details.
Perforated $ 1 00-$ 1 50
4260 Reserve Bank of India. 5 Rupees, ND (1943). P-23a.
(Jhun4.4.1) Black serial numbers. KGVI facing portrait at
right. Just light circulation on this appealing type. Typical
staple holes as issued.
PMG Choice Extremely Fine 45 $100-$200
4261 Reserve Bank of India. 10 Rupees, ND (1943). P-24. 2
pieces in lot. (Jhun4.6.1) Consecutive pair. A scarce original
Choice Uncirculated pair of these KGVI facing portrait
notes.
PMG Choice Uncirculated 63 EPQ $400-$600
4262 Reserve Bank of India. 100 Rupees, ND (1957-62). P-44.
(Jhun6.7.4.1) This note would be an easy candidate for a
Gem grade if not for just a touch of rust at the as made staple
holes at left.
PMG Choice Uncirculated 64 Net.
Staple Hole Rust $200-$300
4263 Reserve Bank of India. 1000 Rupees, ND. P-47. Bombay.
A difficult high denomination in any grade and this note
suffers only from the typical group of pinholes at right and
an edge nick at the upper left. Small penned annotation at
the watermark field.
Very Fine $500-$750
4264 Reserve Bank of India. 5 & 10 Rupees. P- Watermark
Paper. 2 pieces in lot. Watermarked paper only for KGVI
5 and 10 Rupees designs. Mostly handling accounts for the
grade.
Extremely Fine $100-$200
INDONESIA
4265 Bank of Indonesia. 1000 Rupiah, 1959. P-71b. 2 pieces in lot. A pair of large size 1000 Rupiah bearing a colorful design in these
impeccable Gems with even margins and problem-free paper. Printed by TDLR. Watermark of Arms. Without imprint.
PMG Superb Gem Uncirculated 67 EPQ $300-$500
4266 Bank Indonesia. 2 1/2 Rupiah, 1964. P-81bs. Specimen. 2 1/2 Rupiah with red “SPECIMEN” overprints. Toning prevents OPQ
designation.
PCGSBG Choice Uncirculated 64 $100-$ 150
IRAN
4267 Bank Melli. 10 Rials, SH 1311. P-19. 2 pieces in lot. Both C block notes on these facing portrait types. One Fine and the other Very
Good-Fine with some minor splits. PERSONAL INSPECTION OF THIS LOT IS STRONGLY RECOMMENDED. THERE WILL BE
NO RETURNS ON THIS LOT FOR ANY REASON.
Very Good & Fine $200-$300
Page 150
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
IRAN
4268 Bank Melli. 10 Rials, SH 1313. P-25. 5 pieces in lot. A diverse prefix lot with E,K,L,M and N present. All in Very Good to Fine grades
with some minor problems. PERSONAL INSPECTION OF THIS LOT IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Very Good to Fine $200-$300
4269 Bank Melli. 20 Rials, SH 1313. P-26. Signatures in German and Farsi. 1313 date stamp at back. A popular 20 Rials denomination with
this piece showing heavy, yet even wear. Some pinholes and minor margin splits but nothing outside the norm for the technical grade.
Very Good $100-$200
4270 Bank Melli. 20 Rials, SH 1313. P-26. 2 pieces in lot. Both showing signatures in Farsi only. One in a Very Fine state with just a few minor
stains and the other Very Good. PERSONAL INSPECTION OF THIS LOT IS STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Very Good & Fine $200-$300
4271 Bank Melli. 5 & 10 Rials, SH 1317. P-32a & 33a. 2 pieces in lot. A pleasing low denomination pairing with the Five Rials in Uncirculated
with a single handling mark and the 10 Rials note in Extremely Fine. PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON THIS LOT FOR ANY REASON.
Extremely Fine & Uncirculated $300-$500
4272 Bank Melli. 10 Rials, ND (1942). P-33 Ad. Nice centering on this problem-free Iranian Gem. Blue stamp seen on the reverse.
PMG Gem Uncirculated 65 EPQ $200-$300
4273 Bank Melli. 10 Rials, SH 1317. P-33A. Western serial numbers. Purple date stamp at back. Strong appeal which rivals that of higher
grade material. Small spot stain at left center mentioned for accuracy.
Choice Very Fine $200-$300
4274 Bank Melli. 20 Rials, ND (1938). P-34Aa. 2 pieces in lot. A consecutive offering of these Reza Shah Pahlavi 20 Rials Gems. Scarce in
high grade, and scarce as consecutive pieces with the combination of the two like in this lot extra difficult.
PMG Gem Uncirculated 65 EPQ $1200-$ 1600
Bid online at www.stacksbowers.com
Page 151
The January 2017 NYINC Auction
IRAN
4275 Bank Melli. 20 Rials, SH 1317. P-34A. Western serial
numbers. A bright and well embossed piece with just a
center fold and some handling.
About Uncirculated $300-$500
4276 Bank Melli. 20 Rials, 1938. P-34Ad. Arabic serial numbers
with date stamp at back. Original and with still strong color.
Very Fine $50-$ 100
4277 Bank Melli. 20 Rials, SH 1317. P-34Ad. Persian serial
numbers with 1321 date stamp at back. A more challenging
variety for this denomination and this offering borders on
an Extremely Fine grade with just a small margin tear at the
upper right.
Very Fine $100-$200
4278 Bank Melli. 50 Rials, SH 1317. P-35 A. Western serial
numbers, without date stamp at back. Still appealing color
and nice overall detail. Some very minor repairs and glue
residue is mentioned.
Very Fine $200-$300
4279 Bank Melli. 500 Rials, ND (1938). P-37a. Western
serial numbers. Just even circulation on this scarce high
denomination design that is typically only offered in very
low grades.
PMG Very Fine 30 $500-$750
4280 Bank Melli. 500 Rials, 1938. P-37. Western serial numbers.
No date stamp. An attractive piece which is free from repair
and enjoys nice ink tones in both the bordering design and
under-printed color. A few highly minor edge tears that
looked repaired are mentioned for accuracy.
Very Fine $500-$700
4281 Bank Melli. 5 Rials, ND (1944). P-39. 2 pieces in
lot. A well embossed pairing with just a few handling
marks preventing a Choice Uncirculated assessment.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Choice About Uncirculated $100-$200
4282 Bank Melli. 20 Rials, ND (1944). P-41. Excellent originality
throughout and strong orange color. Just a slightly larger
bottom margin away from being a Gem note.
Choice Uncirculated $400-$600
4283 Bank Melli. 100 Rials, ND (1944). P-44. This 100 Rial
design is not often located in respectable mid-grades such as
this and just a bit of retouching is observed and mentioned
by PMG in the comments section of the holder.
PMG Choice Very Fine 35 $600-$800
4284 Bank Melli. 500 Rials, ND (1944). P-45. A scarce higher
denomination note for this larger format series. Heavy
repairs are seen throughout although they are done quite
well and not easily noticed unless backlit. Some remaining
internal tears are also observed.
Very Good $100-$200
4285 Bank Melli. 1000 Rials, ND (1944). P-46. An always
challenging 1000 Rial denomination for this series and this
note has nice initial appeal, but upon close inspection the
full border has been trimmed and replaced. Other repairs
are also seen.
Very Good $300-$500
4286 Bank Melli. 100 Rials, SH 1330. P-57. 2 pieces in lot.
Consecutive pair. Lovely embossing on each with just
handling and some minor glue residue to hinder the grade.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
About Uncirculated $100-$200
4287 Bank Markazi. 20 Rials, ND (1965). P-78s. Specimen.
Young Shah Pahlavi seen at right and featured in the
watermark. This is the first Specimen example of the type
with red serial numbers that we have offered. Staple Holes
mentioned by PMG in the comments section of the holder.
PMG Choice Uncirculated 63 $400-$600
4288 Bank Markazi. 20 Rials, ND (1965). P-78. 3 pieces in lot. A
consecutive pair and another example with the consecutive
pieces both Uncirculated but with a minor clip at the lower
right corners. The other note shows just a corner tip bend.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
About Uncirculated & Uncirculated $75-$ 125
Page 152
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
Iran
Marie AXi
PMG
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IRAN
4289 Bank Markazi. 5000 Rials, ND (1971-72). P-95b. Strong
color and subtle circulation on this high denomination
design.
PMG Extremely Fine 40 $500-$750
4290 Bank Markazi. 50 Rials, SH 1350. P-97. 100 pieces in
lot. Pack of 100 consecutive. Four individual bundles
of 25 notes each with all consecutive to each other.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Uncirculated $100-$200
4291 Central Bank of the Islamic Republic of Iran. 100 Rials,
ND (1985). P-140s. Specimen. “SPECIMEN” overprints
and serial numbers. All Iranian notes are scarce in Specimen
form and this piece shows all the appeal of a Gem note,
leaving us curious as to why the note did not achieve that
grade.
PMG Choice Uncirculated 64 $400-$600
4292 Bank Markazi. Mixed Denominations, Mixed Dates.
P-40,54,56,57,59,60,64-73,77-81. 23 pieces in lot. A
large group of mostly smaller denomination notes from
between the 1961 and 1971 series. Mostly Uncirculated and
a great starter set for the aspiring collector. PERSONAL
INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Extremely Fine to Uncirculated $300-$500
4293 Bank Markazi. 20 Rials to 10000 Rials, ND (1974-
1979). P-100 to 107. 8 pieces in lot. Denomination
set of notes with just some exhibiting some handling.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
About Uncirculated & Uncirculated $150-$250
IRAQ
4294 Government of Iraq. 1/4 Dinar, 1931 (ND 1942). P-1 6a.
Lord Kennet signature observed on this VF 1/4 Dinar
design. King Faisal II at right. Staple holes seen in right
margin. PMG mentions Minor Rust, and Stains in the
comments section.
PMG Very Fine 25 Net. Minor Rust, Stains $300-$500
4295 Government of Iraq. 1/2 Dinar, 1931. P-17. King Faisal
seen at right of this 1/2 Dinar issued note. Tape seen on the
left which may be viewed as a distraction, although the tape
is seen in the margin and does not interrupt the design.
PMG Very Fine 25 Net. Tape $600-$800
4296 Government of Iraq. 1/4 Dinar, 1931. P-22. Kennet
signature seen at the bottom. King Faisal II seen at right,
and in watermark at left. Good centering, with some toning
that we mention for accuracy.
PMG Very Fine 30 $500-$750
4297 National Bank of Iraq. 1/4 Dinar, 1947. P-27. The lowest
denomination for the series, and featuring the younger King
Faisal II seen at right. No netting defects mentioned by PMG
but we mention some toning and handling for accuracy.
PMG Choice Very Fine 35 $400-$600
4298 National Bank of Iraq. 1/4 Dinar, 1947 (ND 1955).
P-37. An older King Faisal II seen here with some heavier
circulation, but the note is still seen with good detail. PMG
mentions small tear in the comments section.
PMG Very Fine 25 $200-$300
4299 National Bank of Iraq. 1 Dinar, 1947 (ND 1955). P-39a.
X prefix. Nice detail displayed on this well centered 1 Dinar
note from the BWC. King Faisal II at right.
PMG Very Fine 30 $300-$500
4300 National Bank of Iraq. 5 Dinars, 1947 (ND 1955). P-40a.
Even circulation seen on this firetruck red 5 Dinars BWC
design. PMG mentions a Minor Foreign Substance in the
comments section.
PMG Very Fine 30 $400-$600
4301 Central Bank of Iraq. 5 Dinars, 1947 (ND 1959). P-49.
A mid-grade King Faisal II design seen here with some
handling. Stains mentioned in the comments section of the
holder.
PMG Choice Very Fine 35 $400-$600
Bid online at www.stacksbowers.com
Page 153
The January 2017 NYINC Auction
IRAQ
4302 Central Bank of Iraq. 50 to 1000 Dinars, 2003 8c 2004.
P-90 to 93. Approximately 84 pieces in lot. A group with
roughly equal distribution of each of the four denominations
included. Mostly Uncirculated although some are seen with
light circulation. PERSONAL INSPECTION OF THIS
LOT IS STRONGLY RECOMMENDED. THERE WILL
BE NO RETURNS ON THIS LOT FOR ANY REASON.
Very Fine to Uncirculated $100-$200
4303 Central Bank of Iraq. 5000, 10,000 8c 25,000 Dinars,
Mixed Dates. P-94, 95 8c 96. 61 pieces in lot. A large
group with the following in mostly Uncirculated grades;
5,000 Dinars(ll); 10,000 Dinars(5); 25,000 Dinars(45).
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Very Fine to Uncirculated $300-$500
IRELAND
4304 Hardbound Book from the Art Institut Orell Fussli
Zurich. A book containing 28 various Proof notes,
sweepstakes, lottery tickets and color palettes in a
hardbound burgundy book from Orell Fussli Zurich. There
are many Irish Sweepstakes pieces that may be found to be
unique. PERSONAL INSPECTION OF THIS LOT IS
STRONGLY RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Various Grades $200-$300
IRELAND, NORTHERN
4305 Bank of Ireland. 1 Pound, 1980. P-65. A nice high grade
example of this 1 Pound note from Northern Ireland.
Choice Uncirculated $20-$40
4306 Northern Bank Limited. 1 Pound, 1940. P-178b. Bold ink
tones throughout on this 1 Pound type seen with a Black
Prefix and Serial Number seen in the finest condition we
have offered.
PMG Superb Gem Uncirculated 67 EPQ $400-$600
4307 Ulster Bank Limited. 1 Pound, ND (1932-56). P-UB47c.
Specimen Proof. Banknote from Belfast. Wavy paper with
what we believe to be a couple of folds. Minor toning at left.
PMG Choice About Uncirculated 58 $300-$500
IRELAND, REPUBLIC
4308 Bank of Ireland. 5 Pounds, 1958. P-52. A popular type
seen here with near Extremely Fine quality.
Choice Very Fine $100-$200
4309 Central Bank of Ireland. 1 Pound, 30.9.1976. P-64d.
A stunning high grade Lady Lavery in PCGS a 68 holder.
This note runs consecutively with the lot of (5) we are also
offering.
PCGS Superb Gem New 68 PPQ $100-$200
4310 Central Bank of Ireland. 1 Pound, 30.9.1976. P-64d. 5
pieces in lot. A consecutive set of these Lady Lavery 1 Pound
notes seen in Superb Gem condition.
PCGS Superb Gem New 67 PPQ $300-$500
4311 Central Bank of Ireland. 20 Pounds, 28.2.1972. P-67b.
(LTN57a) Just trivial circulation that appears to be mostly
handling on this large format Lady Lavery note.
PMG About Uncirculated 55 $400-$600
4312 Central Bank of Ireland. 5 Pounds, 1994. P-75rl. A
scarce Ireland Republic replacement note seen here in an
outstanding high grade Superb Gem 68 PPQ. Catherine
McAuley pictured at right.
PCGS Superb Gem New 68 PPQ $100-$200
ISLE OF MAN
4313 Lloyds Bank Limited. 1 Pound, 1955-61. P-13r.
Remainder. A nice problem-free remainder seen in AU/
UNC condition. We have not had the opportunity to offer
many of these as they are generally difficult to come by in
decent condition. Nice inks and detail indicative of the W.W.
Sprague & Co. designs.
Choice About Uncirculated $200-$300
4314 Isle of Man Government. 1 Pound, ND (1983). P-38.
A nice BWC 1983 issue of this 1 Pound design.
PMG Choice About Uncirculated 58 EPQ $100-$150
ISRAEL
4315 Bank of Israel. Mixed Denominations, 1968 & 1992.
P-34a 8c 53c. 5 pieces in lot. (3) consecutive P-34a notes in
PMG Gem Uncirculated 65 EPQ and (2) consecutive P-53c
notes in Superb Gem Uncirculated 67 EPQ.
PMG Gem Uncirculated 65 EPQ to Superb Gem
Uncirculated 67 EPQ $150-$250
ITALIAN STATES
4316 Banco Di S. Spirito Di Roma. 89 Scudi, 1786-96. P-S463.
A gorgeous 89 Scudi piece from the very late 1700 s. Seen
here with all relevant detail displayed. Some fraying and
toning observed, but to be expected on a note over 200
years of age. Foreign Substance mentioned in the comments
section.
PMG Choice Extremely Fine 45 $200-$300
Page 154
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
ITALY
4317 Biglietto Consorziale. 50 Centesimi, 1874. P-1. A fine example of this 50 Cent piece, the first catalog number in the Italian section of
the Krause book.
Fine $100-$200
4318 Banca DTtalia. 1000 Lire, 1945-47. P-72c. A nice large format design featuring Einaudi and Urban signatures in the signature panel. No
major netting defects and beautiful eye appeal for the size and type.
PMG Choice Very Fine 35 $300-$500
4319 Banca DTtalia. 50 Lire, 10.12.1944. P-74. Excellent color on this smaller format type with just a few minor spot stains in the margins
to report.
Extremely Fine $50-$ 100
4320 Banca DTtalia. 10,000 Lire, 2.1 1.1961. P-89d. A popular large size Italian issue difficult to find outside of Fine to low VF condition. This
piece is appealing because it retains full originality. Allegorical figures seated at center. Dante pictured on the reverse.
PCGS Very Fine 30 PPQ $300-$500
Coveted Mid-Grade Da Vinci
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4321 Banca DTtalia. 50,000 Lire, 16.5.1972. P-99c. The most increasingly popular Italian banknote which has exponentially grown in value
over recent years. This coveted 50,000 Lire features Leonardo Da Vinci at right. Beautiful centering seen, and mostly typical circulation
for the grade upon close inspection, but the initial eye appeal worthy of a much higher designation.
PCGS Very Fine 35 $300-$500
Bid online at www.stacksbowers.com
Page 155
The January 2017 NYINC Auction
lia ia
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ITALY
4322 Banca DTtalia. 50,000 Lire, 1982. P-107d. 2 pieces in lot. A Gem pairing of this popular note featuring Guglielmo Savinis Portrait of a
Young Lady at left.
PMG Gem Uncirculated 65 to 66 EPQ $600-$800
4323 Banca DTtalia. 500,000 Lire, 1997. P-118. One of the most
popular Italian modern designs prior to the switch to the
euro are these 500,000 Lire notes. This piece shows pack
fresh quality and well above average centering.
PMG Gem Uncirculated 66 EPQ $400-$600
JAMAICA
4324 Government of Jamaica. 5 Shillings, 1950. P-37a. King
George at left. Pineapple watermark. Nice margins with just
slight handling preventing the note from being uncirculated.
Choice About Uncirculated $200-$300
4325 Government of Jamaica. 10 Shillings, 1953. P-39. King
George at left. Great registration seen on this note with good
margins. Good Embossing and bold inks.
Choice About Uncirculated $300-$500
JAPAN
4327 JAPAN. Great Imperial Japanese Government. 1 Yen,
1878 (1881). P-17. This highly popular series features a great
portrait vignette of Empress Jingu at right and offers very
ornate engravings making up the design. Half counterfoil at
right and seen with problem-free paper for the grade.
Fine $400-$500
JERSEY
4328 States of New Jersey Treasury. 20 Pounds, ND (1983-88).
P-1 4b. This wonderfully centered 20 Pound note shows all
the appeal the note possessed when printed.
PCGS Gem New 66 PPQ $300-$500
JORDAN
4329 Central Bank of Jordan. 50 Dinars, 1999. P-33a. Double
AA Block with both red and black serial numbers. A pack
fresh example of this higher denomination design.
PCGS Gem New 66 PPQ $200-$300
4326 Barclays Bank. 10 Pounds, 1937-40. P-S148s. Specimen.
Perforated “Cancelled” in the signature panel. This BWC
design features a Kingston Jamaica overprint on the bottom
right. PMG mentions Previously Mounted in the comments
section of the holder.
PMG Choice Uncirculated 64 Net.
Previously Mounted $500-$750
Page 156
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
KEELING
COCOS
( ) ISLANDS.
Exchange for the Sum of
ONE-QUARTER RUPEE
Keeling Cocos Islands
Currency.
1 902 ■
COCOS
xsiLAisrxDS-
1 1823.
Exchange for the Sum of
ONE-HALF RUPEE
Keeling Cocos Islands
Currency.
1902
Exchange for the Sum of
FIVE RUPEES
Keeling Cocos Islands
Currency.
1902 .
KEELING COCOS
4330 Keeling Cocos Islands Currency. 1/4, 1/2, & 5 Rupees. P-S124, SI 25, & SI 28. A trio of rare Keeling Cocos Islands currency ranging
from a 1/4 Rupee to 5 Rupees. The 1/4 Rupee has some very minor pinholes and the 5 Rupees also has very minor toning mentioned for
accuracy.
Uncirculated $300-$500
KENYA
4331 Central Bank of Kenya. 50 Shillings, 1966. P-4a. President Mzee Jomo Kenyatta seen at left on this moderately circulated note. Some
minor toning and edge tears mentioned for accuracy.
PMG Choice Very Fine 35 $500-$750
KOREA, NORTH
4332 Korean Central Bank. 500 Won, 1998. P-44x. Missing Water Mark Error. Fully Uncirculated but without a watermark.
Choice Uncirculated $100-$200
KUWAIT
4333 Central Bank of Kuwait. 1/4 Dinar, 1968. P-23f to 28. A Gem Uncirculated Issued set of 1968 Central Bank of Kuwait notes. Pick 23f
and Pick 28 seen in PMG 65EPQ. Pick 25 and 27 seen in 66 EPQ. Pick 24 and 26 seen in 67EPQ. These high grade notes are scarce in
their own right, but are even more difficult to obtain in a grouping of such highly preserved notes.
PMG Gem Uncirculated 65 EPQ to Superb Gem 67 EPQ $500-$750
Bid online at www.stacksbowers.com
Page 157
The January 2017 NYINC Auction
LEBANON
4334 Republique Libanaise. 10 Piastres 8c 25 Piastres, 1948-
1950. P-42 8c 47. 3 pieces in lot. Pick 42 seen in original 50
EPQ condition with some minor folds. Pick 47 seen in both
a 40 EPQ and a 64 that contains minor toning.
PMG Extremely Fine 40 EPQ to
Choice Uncirculated 64 $200-$300
4335 Banque de Syrie et du Liban. 1 Livre, 1945-50. P-48a. A
nice medium format note seen here with bright inks, and
just hints of circulation.
PCGS Extremely Fine 45 $500-$750
4336 Banque de Syrie et du Liban. 1 Livre, 1952-64. P-55a 8c
55b. 2 pieces in lot. Two different signature combinations of
Pick 55. The first, Pick 55a seen in PMG 55 EPQ, while the
other is Pick 55b seen in PCGS 58 PPQ.
PCGS Choice About New 58 PPQ 8c PMG About
Uncirculated 55 EPQ $100-$200
4341 Central Bank of Libya. 10 Dinars, ND (1971). P-37a.
Without inscription. A pack fresh example of this large
format 10 Dinars design type.
PMG Gem Uncirculated 65 EPQ $100-$150
4342 Military Authority in Tripolitania. 5 Lire, ND (1943).
P-M3a. 3 pieces in lot. A scarce trio of these British
Occupation WWII notes.
PMG Choice About Uncirculated Choice 58,
Choice About Uncirculated 58 EPQ,
8c Choice Uncirculated 64 $100-$200
LITHUANIA
4343 Lietuvos Bankas. 200 Litu, 1997. P-63 & 63s. Issued 8c
Specimen. 2 pieces in lot. Specimen issued appearing
uncirculated. Issued note seen with toning. Both notes with
metallic foil at right.
About Uncirculated to Uncirculated $100-$200
MACAU
4344 Banco Nacional Ultramarino. 5 Patacas, 1976. P-54a. A
crisp uncirculated piece. Commonly collected by anyone
with an interest in Macau banknotes. Seen with nice
margins, on problem-free paper.
PMG Gem Uncirculated 66 EPQ $100-$200
4345 Banco Nacional Ultramarino. 10 Patacas, 1981. P-59s.
Specimen. (KNB53S1-S2) “SPECIMEN” overprints, serial
numbers, and punch cancels. Nicely embossed inks and
pleasing detail throughout.
PMG Superb Gem Uncirculated 67 EPQ $400-$600
LIBYA
4337 Kingdom of Libya. 5 & 10 Piastres, 1952. P-12 8c 13. 4
pieces in lot. This quartet features a pair of each Pick 12 and
Pick 13. Pick 12 found in PMG 55 EPQ and 63 EPQ. Pick 13
offered as a consecutive pair in PMG 50 EPQ and 64 EPQ.
PMG Choice About Uncirculated 50 EPQ
to Choice Uncirculated 64 EPQ $500-$750
4338 Kingdom of Libya. 1/4 Pound, 1952. P-14. The first of
these Libyan Treasury notes we are offering here. Seen with
minor folding, but full originality.
PMG About Uncirculated 55 EPQ $500-$750
4339 Kingdom of Libya. 1/2 Pound, 1952. P-15. A stunning 1/2
Pound Libyan Treasury note seen here with a few folds, but
retaining complete originality.
PMG Choice Extremely Fine 45 EPQ $300-$500
4340 Bank of Libya. 1/4 Pound, 1963. P-23a. A nice well centered
1963 1/4 Pound Libyan Bank note.
PMG Choice Extremely Fine 45 $200-$300
MADAGASCAR
4346 Mixed Banks. 50 Francs, Mixed Dates. P-45a & 61. 2
pieces in lot. Both notes are of the 50 Francs denomination
in a PMG 66 EPQ. One from the Institut d’Emission and the
other from the Bank of Madagascar.
PMG Gem Uncirculated 66 EPQ $500-$750
MALAWI
4347 Reserve Bank of Malawi. 1 Pound, 1964. P-3Aa. A nice
pack fresh example seen here in problem free Gem condition
with great registration and embossing.
PMG Gem Uncirculated 65 EPQ $400-$600
4348 Reserve Bank of Malawi. 10 Kwacha, 1990-94. P-25s.
Specimen. “SPECIMEN” overprint and serial numbers. A
scarce modern design in this Specimen form.
PMG Gem Uncirculated 66 EPQ $100-$200
MALAYA
4349 Board of Commissioners of Currency Malaya. 1 0 Dollars,
1.1.1940. P-1. A scarce offering from Malaya available for
a fraction of what a mid grade example would cost. Apart
from a few holes and some edge tears in the margins, this is
an excellent piece for type.
Fine $300-$400
Page 158
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
MALAYA & BRITISH BORNEO
4350 Board of Commissioners of Currency Malaya & British Borneo. 5 Dollars, 1953. P-2a. A tough Queen Elizabeth II note seen here
with a combination of deep and light green inks. A yellow tinted underprint also seen on this fully original, lightly circulated piece.
PCGS About New 53 PPQ $600-$800
4351 Board of Commissioners of Currency Malaya & British Borneo. 1 Dollar, 1.3.1959. P-8a. A pack fresh and nicely centered example
of this increasingly popular issue.
PCGS Gem New 65 PPQ $300-$500
MALAYSIA
4352 Bank Negara Malaysia. 50 Ringgit, 1974. P-1 Os. Specimen. A very rare Specimen and the first we have offered for the type. The First
issue Specimen is much more common and has been offered publicly numerous times before. This note is seen with Printer s Annotations,
some foreign substances, and an all over charcoal-like dirt that darkens the note. The full detail including the “SPECIMEN” and red
“TDLR” overprints are still seen.
Very Good $400-$600
MALDIVES
4353 Government Treasurer. 1/2 Rupee, 1947. P-1. The key to
the series and a note that always receives strong attention
from bidders in any grade. Evenly circulated with just a few
minor spot stains mostly observed at the blank back.
Very Fine $100-$200
4354 Government Treasurer. 1 Rupee, 1947. P-2a & 2b. 6 pieces
in lot. All PCGS or PMG graded with the following: P-2a in
PCGS 68 PPQ and 64; P-2b in PCGS 67 PPQ, 65 PPQ and 64
PPQ; P-2b in PMG 66 EPQ.
Very Choice New to Superb Gem New. $200-$300
4355 Government Treasurer. 50 Rupees, 1951-80. P-6s.
Specimen. A stunning Specimen in a gorgeous blue.
Porthole motifs of a palm tree and sailboat. Guilloche border
design with a punch cancellation in the signature panel and
a red “SPECIMEN” overprint on both the front and back.
Gradient pink, purple and green colorway on the back.
PMG Gem Uncirculated 66 EPQ $300-$500
MALI
4356 Banque de la Repulique du Mali. 1000 Francs, 1960. P-4.
A high denomination, larger format note seen with some
minor handling and toning in the margins preventing
an EPQ designation. The appeal of the design is still very
evident, making this a great piece for a collector looking to
collect for the type at a favorable price.
PMG About Uncirculated 50 $400-$600
4357 Banque de la Repulique du Mali. 1000 Francs, 1960 (ND
1967). P-9s. Specimen. “SPECIMEN” perforations and
serial numbers. Wonderfully embossed inks and terrific
centering on this 1000 Francs design type.
PMG Superb Gem Uncirculated 67 EPQ $300-$500
MALTA
4358 Government of Malta. 5 Pounds, 1949 (ND 1961). P-27a.
A vertical fold at center and a small tear with the later
mentioned by PMG in the comments section of the holder.
PMG About Uncirculated 55 $200-$300
Bid online at www.stacksbowers.com
Page 159
The January 2017 NYINC Auction
MALTA
4359 Central Bank of Malta. 1 Dollar, 1880. P-30. Gorgeous
purple to blue gradient underprint. “For Gallantry” seal
at center with Queen Elizabeth II at right. Waterfront
landscape pictured on the reverse.
PMG Gem Uncirculated 65 EPQ $200-$300
MARTINIQUE
4360 Banque de la Martinique. 5 Francs, 1942. P-1 6s. Specimen.
Bold inks and a pinkish red under tint. Very small and
minor adhesive is seen in the top margin on the back side of
the note.
Choice Uncirculated $200-$300
4361 Banque de la Martinique. 25 Francs, 1943-45. P-1 7s.
Specimen. A nice problem-free note with “SPECIMEN”
overprints in the signature panels. Allegorical figure seen
seated at right.
Choice Uncirculated $250-$500
4362 Caisse Centrale de la France D’Outre-Mer. 5 Francs, ND
(1947-49). P-27 & 27s. Issued & Specimen. 2 pieces in lot.
The Specimen being a PCGS Gem New 65 PPQ & and the
Issued P-27 found in a PMG Gem Uncirculated 66 EPQ
holder. Both notes display excellent detail and originality.
PCGS Gem New 65 PPQ & PMG Gem Uncirculated 66
EPQ $400-$600
MAURITIUS
4363 Government of Mauritius. 5 Rupees, ND (1954). P-27.
A popular Bradbury Wilkinson Queen Elizabeth II design.
Seen primarily in a royal blue with a green and pewter
undertint. Good embossing and registration also seen.
PCGS Gem New 66 PPQ $500-$700
4364 Government of Mauritius. 5 Rupees, ND (1954). P-27.
Printed by BWC. Striking originality and just a vertical fold
at center is observed.
PMG About Uncirculated 53 EPQ $200-$300
MEXICO
4365 Banco de Mexico. 20 Pesos, ND (1925-34). P-23p. Proof.
Face Proof printed on wide margin card stock. A beautiful
ABN Proof that shows this elegant design with endless detail
and strong color.
Choice Uncirculated $100-$200
4366 El Banco de Mexico. 100 Pesos, ND (1925-34). P-25s.
Specimen. (MPM#4619s). This note shows a masterful
vignette at center with an allegorical figure holding ship
with child at left. Deeply embossed with nice centering and
margins
PMG Gem Uncirculated 65 EPQ $400-$600
4367 El Banco de Mexico. 100,000 Pesos, 1988-91. P-94s.
Specimen. “SPECIMEN” overprints, serial numbers and
perforations. A scarce Mexico Specimen high denomination
note.
PMG Choice Uncirculated 64 $300-$500
4368 Banco de Santa Eulalia. 50 Centavos, 1875. P-S190s.
Specimens. A pair of Mexican Specimens with pink
underprints and farmers and miners at each side of center.
(1) note with red serial numbers and (1) with blue.
Choice About Uncirculated $100-$200
4369 El Banco de Londres y Mexico. 10 Pesos, ND (1900-13).
P-S234sl. Specimen. (M272s). Nice centering on this
problem free Gem from El Banco Londres Y Mexico. Punch
“CANCELLED” at the signature panel.
PMG Choice Uncirculated 64 EPQ $200-$300
4370 El Banco de Londres y Mexico. 20 Pesos, 1889-1913.
P-S235s. Specimen. (M273s). Banco Londres Y Mexico
Specimen from the American Bank Note Company. Red
“SPECIMEN” overprints, and punch cancellations seen.
Great centering every bit worthy of the Gem designation.
PMG Gem Uncirculated 66 EPQ $200-$300
4371 El Banco de Nuevo Leon. 1 Peso, ND (1892-1914).
P-S359s. Specimen. (MPM#433s) Specimen. A bright
note showing all the appeal the design could offer. Punch
canceled through the signature panels with solid zero serial
numbers. Centering and embossing one could expect for
the high grade.
PMG Gem Uncirculated 66 EPQ $400-$600
4372 El Banco de Nuevo Leon. 10 Pesos, ND (1895-1913).
P-S361s. Specimen. MPM#435s) A great note from this
series with this piece showing Zaragoza at center flanked by
two allegorical vignettes. Pleasing orange and yellows make
up the under print and original paper give the note further
appeal.
PMG Gem Uncirculated 66 EPQ $400-$600
Page 160
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
4373 El Banco de Nuevo Leon. 20 Pesos, ND (1900-12). P-S362s.
Specimen. (MPM#436s) This higher denomination note is
scarce in issued form and rare in higher grades. This lovely
Specimen note gives full detail of the design with bold
blue and yellow inks making up the under-print. Excellent
centering indicative of the Superb Gem 67 EPQ designation.
PMG Superb Gem Uncirculated 67 EPQ $500-$750
4374 El Banco de Sonora. 5 Pesos, ND (1897-1911). P-S419s.
Specimen. (M507sl-2) A lovely Banco de Sonora Specimen,
with allegorical figures pictured on each side of center.
Punch cancelled at the signature panels.
PMG Choice Uncirculated 64 EPQ $100-$200
4375 El Banco de Sonora. 10 Pesos, ND (1897-1911). P-S420s.
Specimen. A stunning Superb Gem Mexican Specimen seen
with excellent eye appeal. Red “SPECIMEN” overprints and
punch cancellations.
PMG Superb Gem Uncirculated 67 EPQ $200-$300
4376 El Banco Mercantil de Veracruz. 10 Pesos, ND (1900-14).
P-S439s. Specimen. Attached selvage at top. “SPECIMEN”
overprints, serial numbers and punch cancels. Great
centering and fully original throughout.
PCGS Gem New 66 PPQ $100-$200
4377 NO LOT.
4378 El Banco de Londres y Mexico. 5 Pesos, ND (1900-13).
P-S233sl. Specimen. A scarce note and the first we’ve
handled in quite some time. A nice ABNC design. Punch
cancelled at the signature panels. Red “SPECIMEN”
overprints.
PMG Gem Uncirculated 65 EPQ $200-$300
4379 El Banco Mercantil de Chihuahua. 25 Centavos, 1 .9. 1943.
MPM-4256. A first offering of this type by us and one that
shows a basic design yet printed on intriguing paper with
“EXCHANGE, SAFETY, PAPER,” seen inverted within the
under-printing.
PCGS Extremely Fine 40 Apparent. Small Edge Tears in
Top Margin at Left $200-$300
4380 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 14 pieces in lot. All specialized Mexico notes
with pleasing variety and nice grade with Very Fine being
the average. Includes the following catalog numbers. P-S136,
SI 64 Ac, SI 64 Ad, S184, S195, S196, S203, S230, S233, S234,
S235, S241, S255, S259. PERSONAL INSPECTION OF
THIS LOT IS RECOMMENDED. THERE WILL BE NO
RETURNS ON THIS LOT FOR ANY REASON.
Various Grades.
4381 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 19 pieces in lot. A diverse lot of specialized
Mexican notes with the following; P -S273, S280, S281, S287,
S289, S345, S360, S381, S384, S390, S391, S398, S406, S712a,
S714-716, S731, S733, S909, S939. Mostly in Very Fine with
some nicer and some worse. PERSONAL INSPECTION
OF THIS LOT IS RECOMMENDED. THERE WILL BE
NO RETURNS ON THIS LOT FOR ANY REASON.
Various Grades $400-$600
MONGOLIA
4382 Commercial & Industrial Bank. 1 Tugrik, 1939. P-14.
Light circulation on this scarce 1939 dated noted.
PCGS About New 53 PPQ $400-$600
4383 Commercial & Industrial Bank. 3 Togrog, 1939. P-22. A
nice example of this issued note seen with contrasting red
and black serial numbers. MA Block. Gradient color on
front with multicolored guilloche protectors.
Choice Very Fine $200-$400
4384 Commercial & Industrial Bank. 5 Togrog, 1941. P-23. A
fully in tact example of a popular 1941 issue. Seen here with
minor handling and a few blemishes that are mentioned for
accuracy.
Choice Very Fine $200-$400
4385 Commercial & Industrial Bank. 10 Tugrik, 1941. P-24.
Bright color and Nice embossing with just a minor spot
stain at the upper left likely negating a PPQ, designation
from PCGS Currency.
PCGS Choice About New 55 $300-$500
4386 Mongolbank. 5 Tugrik, ND. P-61 As. Specimen. A nice
uncirculated Mongolian Specimen.
Choice Uncirculated $100-$200
MOROCCO
4387 Banque D’Etat Du Maroc. 50 Francs, 1944. P-26. Original
paper and even circulation. Scarce in issued form with this
much appeal.
Very Fine $100-$200
4388 Banque D’Etat Du Maroc. 100 Francs, 1.3.44. P-27s.
Specimen. A Nice problem-free note from Morocco. An
elaborate and colorful design that jumps off the paper with
its intricate detail and eye catching colors. Even margins
with good centering.
Uncirculated $200-$300
$300-$500
MOZAMBIQUE
4389 Banco Nacional Ultramarino. 1000 Escudos, 1941. P-79s.
Specimen. Specimen serial numbers, perforation, and
annotations. A very seldom available large format BWC
design with brilliant color and sharp detail throughout.
PCGSBG Choice Uncirculated 64 OPQ $500-$700
Bid online at www.stacksbowers.com
Page 161
The January 2017 NYINC Auction
MUSCAT & OMAN
4390 Sultanate of Muscat & Oman. 10 Rials, ND (1970). P-6.
A nice first issue note that was pulled from circulation with
its original condition still in tact. Vibrant colored inks mesh
together on this intricate design.
Choice Uncirculated $400-$600
NETHERLANDS
4391 Town of Enkhuizen. 4 1/2 Stuiver, 1795. P-B40. This very
early design shows with terrific embossing of the inks and
strong manuscript details.
PMG Choice Uncirculated 64 EPQ $400-$600
4392 Nederlandsche Bank. 10 Gulden, 31.12.1920. P-34. A
highly elusive type and offered here in an appealing and
problem free mid-grade. Sharp manuscript signatures and
lovely detail throughout.
PMG Very Fine 30 $400-$600
From the Yuri Solovey Collection
4393 Nederlandsche Bank. 25 Gulden, 4.2.1943. P-67s.
Specimen. “SPECIMEN” overprints, serial numbers and
punch cancel. Exceptional quality and pleasing centering
and margins. A design type seldom available in any form.
PMG Gem Uncirculated 66 EPQ $600-$800
From the Yuri Solovey Collection
4394 Nederlandsche Bank. 25 Gulden, 7.5.1945. P-77s.
Specimen. “SPECIMEN” overprints and regular issue
serial numbers. A highly popular “Girl in Blue,” type that is
offered here in a seldom available specimen form. Just some
mounting remnants to mention.
PMG Choice Uncirculated 63 Net.
Previously Mounted $500-$750
From the Yuri Solovey Collection
NETHERLANDS ANTILLES
4395 Bank van de Nederlandse Antillen. 500 Gulden, 1962.
P-7a. Terrific color and centering on this always desirable
high denomination design.
PMG Gem Uncirculated 66 EPQ $300-$500
4396 Muntbiljet & Bank of Netherlands Antilles. 1, 2 1/2, 5 &
10 Gulden, ND. P-15, 20, 21, 23, & 25. 6 pieces in lot. An
offering of notes with (2) examples of the Pick 15 5 Gulden
present, and (1) of the rest.
Choice Uncirculated $100-$200
From the Yuri Solovey Collection
NETHERLANDS INDIES
4397 De Javasche Bank. 1/2 Gulden, 1948. P-97. 8 pieces in lot.
A consecutive offering of these 1/2 Gulden notes. (2) found
in 65 EPQ, (5) found in 66 EPQ and (1) seen in Superb Gem
67 EPQ.
PMG Gem Uncirculated 65 EPQ to Superb Gem
Uncirculated 67 EPQ $300-$500
NEW HEBRIDES
4398 Banque de LTndo-Chine. 5 Francs, ND (1945). P-5. New
Hebrides banknote printed on the French Indo- China 5
Francs banknote. Red overprint to indicate the country
change. Minor Rust and Toning mentioned.
PMG Extremely Fine 40 $300-$500
4399 Institut D’Emission D’Outre-Mer. 100 Francs, ND (1977).
P-18d. Native at right playing guitar with the ocean in the
background. A crisp problem-free Gem.
PCGS Gem New 66 PPQ $100-$200
4400 Institut D’Emission D’Outre-Mer. 500 Francs, ND
(1979). P-1 9b. This high grade example of a popular high
denominations features crisp white paper and nice even
borders.
PCGS Superb Gem New 67 PPQ $100-$200
NEW ZEALAND
4401 The Reserve Bank of New Zealand. 10 Shillings, 1934.
P-154. This scarce lesser denomination is not as frequented
as the 1 Pound note of the same series. Bright red inks make
up the frame, vignette and portrait with a pleasing multi-
color guilloche at lower center. Minor rust, and a stain
mentioned by PMG in the comments section.
PMG Choice Very Fine 35 $500-$750
4402 The Reserve Bank of New Zealand. 10 Shillings, 1934.
P-154. A popular design. Seen here as a short snorter. Rust,
stains, and pieces in the very small pieces in the right margin
missing.
Very Good $100-$200
4403 The Reserve Bank of New Zealand. 1 Pound, 1934. P-155.
Maiori Chief pictured at right, on this desirable TDLR
design. PMG mentions Stained on the face.
PMG Very Fine 30 $200-$300
4404 The Reserve Bank of New Zealand. 5 Pounds, 1934. P-156.
A great opportunity for the degree of difficulty found in
trying to obtaining this note, at this grade level, with full
originality.
PMG Very Fine 30 EPQ $500-$750
Page 162
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
NEW ZEALAND
4405 The Reserve Bank of New Zealand. 10 Shillings & 1
Pound, ND (1967). P-158d & 159d. 3 pieces in lot. Pick
158d seen in PMG Superb Gem 67 EPQ, while Pick 159 is
found in both AU 53, and AU 55 EPQ.
PMG About Uncirculated 53 to Superb Gem Uncirculated
67 EPQ $300-$500
4406 The Reserve Bank of New Zealand. 5 Pounds, ND (1940-
1967). P-160d. Flemming signature and with mostly even
circulation.
Choice Very Fine $75-$ 150
4407 The Reserve Bank of New Zealand. 5 Dollars, ND (1967-
81). P-1 65*. A scarce high grade Replacement note from
New Zealand seen in Gem condition. Queen Elizabeth at
right. The note has nice registration, good embossing, and is
printed on problem-free paper.
PCGS Gem New 66 PPQ $300-$500
4408 The Reserve Bank of New Zealand. 10 Dollars, ND (1985-
89). P-1 72b. Nice centering and lovely eye appeal with deep
blue inks on this BWC 10 Dollar design.
PMG Gem Uncirculated 65 EPQ $100-$200
NICARAGUA
4409 Republica De Nicaragua. 5 Pesos, 1910. P-45. A scarce
offering. This low grade note still maintains significant detail
making it a great example for anyone looking to collect for
the type. Problem-free for the grade without any major rips,
tears, or pieces missing.
Fine $400-$600
4410 El Banco Central de Nicaragua. 500 Cordobas, 1991.
P-1 78 As. Specimen. A bright lime green note, with crisp
paper and nice registration. This example received a coveted
Star designation from PMG for being exceptional to the 66
Gem Uncirculated it was given. Red overprint that reads
“SIN VALOR CAMERCIAL.”
PMG Gem Uncirculated 66* EPQ $300-$500
NIGERIA
4411 Central Bank of Nigeria. 5 Pounds, ND (1968). P-13a. A
bold impression Nigerian note seen with bright inks. A little
bit of handling can be seen which is likely the cause for not
receiving an EPQ designation.
PMG About Uncirculated 55 $400-$600
OMAN
4413 Central Bank of Oman. 50 Rials, 1985. P-30a. A high
denomination design that is difficult to secure at this Gem
Uncirculated level. Well embossed inks, extra vibrant color,
and great centering help confirm the grade assigned by
PMG.
PMG Gem Uncirculated 66 EPQ $500-$700
PAKISTAN
4414 Government of Pakistan. 1 Rupee, ND (1948). P-1.
Pinholes and toning mentioned on this 1948 1 Rupee from
the Government of Pakistan. PMG mentions the Staple
holes are at issue.
PMG Very Fine 30 $200-$300
4415 Government of Pakistan. 10 Rupees, ND (1948). P-6.
Bright red inks and detailed lathe work seen here. Minor
Stains mentioned by PMG in the comments section of the
holder.
PMG About Uncirculated 55 $500-$750
4416 State Bank of Pakistan. 10 Rupees, ND (1950). P-R3.
Staple holes at issue. M.A. Jinnah at left and in watermark.
Toning and staining in margins.
PMG Choice Uncirculated 64 Net. Stains $400-$600
4417 State Bank of Pakistan. 10 Rupees, ND. P-R4 and (2)R6.
3 pieces in lot. (1)P-R4 in Uncirculated with typical staple
hole at right; (2)P-R6 consecutive in AU with staple holes
and minor stain.
About Uncirculated & Uncirculated $100-$200
NORWAY
4412 Norges Bank. 1000 Kroner, 1978-85. P-40b. A nice medium
grade 1000 Kroner seen with Henrik Ibsen at the left. PMG
mentions Large Tear which you can see if you look closely at
the bottom right, but it isn’t a major distraction.
PMG Very Fine 30 Net. Large Tear. $400-$600
Bid online at www.stacksbowers.com
Page 163
The January 2017 NYINC Auction
PARAGUAY
4418 Bando de la Republica & Banco del Paraguay. 20 Centavos to 50 Pesos, 1882-1923. P-151s, 159, & S123s. 4 pieces in lot. (2) P-159 100
Pesos/ 10 Pesos Oro seen in Choice Uncirculated 64, (1) P-S123s 1882 20 Centavos seen in PMG Choice Uncirculated 64, and (1) Raw
P-1 5 Is 50 Pesos seen in Uncirculated condition.
PMG Choice Uncirculated 64 $400-$600
PERU
4419 Banco Central de Reserva Del Peru. 10 Libras, 12.4.1922.
P-5 Is. Specimen. Punch cancellations in the signature
panel with a red “SPECIMEN” overprint at center on this
1922 10 Libras Specimen from Peru.
PCGS Very Choice New 64 PPQ $200-$400
4420 El Banco Central de Reserva del Peru. 5 Soles, 1952-
54. P-70s. Specimen. “SPECIMEN” overprints and serial
numbers. Great color and detail with only mounting
remnants at left to mention.
PMG Choice Uncirculated 64 Net.
Previously Mounted $150-$200
PHILIPPINES
4421 Bank of the Philippine Islands. 5 Pesos, 1861. P-7a. A
lovely USBEP printed 5 Pesos note from the Philippine
Islands. PMG mentions minor discoloration on the back on
the note in the comments section of the holder.
PMG Choice About Uncirculated 58 $400-$600
4422 Bank of the Philippine Islands. 10 & 20 Pesos, 1912. P-8
& 9b. 2 pieces in lot. A 10 Pesos and 20 Pesos pairing seen
with allegorical figures adorning the front. From the series
of 1912.
4425 Bank of the Philippine Islands. 20 Pesos, 1933. P-24.
A nice example for the type. Some stains mentioned for
accuracy. A low serial number of E1965E which is neat for
any fancy serial collectors.
Very Fine $200-$300
4426 Bank of the Philippine Islands. 20 Pesos, 1933. P-24. 2
pieces in lot. A pair of scarce issued 20 Pesos notes featuring
low 3 digit serial numbers. E Block. 741 and 775.
Very Fine $300-$500
4427 Philippine Islands. 2 Pesos, 1906. P-32f. These Philippine
Island notes payable in silver pesos are scarce with any
appeal and this note shows deep blue color and bold
overprinting. A few minor repairs at the top margin are
noted for accuracy.
Very Fine $500-$700
Very Fine $200-$300
4423 Bank of the Philippine Islands. 5, 10, & 20 Pesos, 1920.
P-13, 14, & 15. 3 pieces in lot. A trio of Very Fine notes from
the Bank of the Philippine Islands. The notes show good
detail and are appealing for their types. Denominations
offered are 5, 10, & 20 Pesos.
Very Fine $200-$400
4424 Bank of the Philippine Islands. 10 Pesos, 1933. P-23r.
Replacement. Replacement. Even circulation with some
minor rust seen in the bottom margin. Low serial number
★335E.
Choice Very Fine $100-$200
4428 Philippine National Bank. 5 Pesos, 1916. P-46r.
Replacement. A nice replacement problem-free for a VF
designation. Blue seal at right with a pink under print.
Very Fine $200-$300
Page 164
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
PHILIPPINES
4429 Philippine National Bank. 10 Pesos, 1914. P-47. A scarce
10 Pesos type and this offering shows strong color and
appeal although is hindered by some rust and repairs at the
upper left.
Very Fine $400-$600
4430 Philippine National Bank. 50 Pesos, 1920. P-49. A
frequented note from the Japanese capturing several pieces
in WWII. This note has lovely originality and detail with
only a typical folding mentioned.
PMG About Uncirculated 55 EPQ $400-$600
4431 Philippine National Bank. 10 & 20 Pesos, 1921. P-54 & 55.
2 pieces in lot. Includes: 10 Pesos and 20 Pesos design from
the Series of 1921. Seen with blue seals. Washington on the
10 and Jones on the 20.
Choice Extremely Fine $200-$300
4432 Philippine National Bank. 20 Pesos, 1921. P-55. Terrific
embossing of the overprints and strong appeal throughout.
A slight tone mostly observed at center is likely the reason
for a lack of a PPQ, designation.
PCGS Choice About New 55 $300-$500
4434 Philippine National Bank. 10 Pesos, 1937. P-58. 5 pieces
in lot. A quintet set seen here with some handling on the
majority of the pieces. Some seen in low XF condition, some
a little nicer. Overall a nice grouping.
Choice Extremely Fine $200-$300
4435 Philippine National Bank. 10 Pesos, 1937. P-58. 3 pieces
in lot. A consecutive trio seen here with vibrant inks and no
major netting defects. Difficult to piece together.
Choice Very Fine $400-$600
4436 Bank of the Philippine Islands. 2 Pesos, 1924. P-69. 2
pieces in lot. 2 Pesos notes with red seals and serial numbers
from the Bank of the Philippine Islands. One with more
wear than the other, but both still showing all significant
detail.
Very Fine $100-$200
4437 Philippine Islands. 1 Pesos, 1918 8c 1929. P-60b 8c 73b. A
pairing of Philippine Treasury Certificates. An earlier 1918
Peso and a 1929 Peso.
PMG Very Fine 20 8c Very Fine 20 Net.
Repairs $400-$600
4438 Treasury of the Philippines. 2 Pesos, 1936. P-82. A
beautiful example of this 2 Pesos 1936 series with vibrant
red inks and a nice showing of the blue ink underprint at
center. Minor rust on the top back mentioned for accuracy.
About Uncirculated $100-$200
4439 Treasury of the Philippines. 20 Pesos, 1936. P-85a. 2
pieces in lot. 20 Pesos Red Seal Treasury Certificates. Strong
appearance displaying all the desirable detail of this 1936
series.
Very Fine $200-$300
4433 Philippine National Bank. 20 Pesos, 1921. P-55. A high
state of preservation for this 1921 20 Pesos design. William
A. Jones pictured at center. A popular design as it was
printed by the USBEP and shares many similar elements to
that of US Paper from that era.
PMG Choice Extremely Fine 45 $500-$750
Bid online at www.stacksbowers.com
Page 165
The January 2017 NYINC Auction
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PHILIPPINES
4440 Treasury of the Philippines. 1 Pesos, 1941. P-89r. Remainders. 2 pieces in lot. A pair of 1941 1 Peso remainders from the Philippines.
Seen with Mabini at left. Bold red inks throughout.
Choice Fine $300-$500
4441 Treasury of the Philippines. 2 & 10 Pesos, 1949. P-118 &
120. 2 pieces in lot. Pointed blue seal at lower right of each
piece. Good detail seen throughout.
About Uncirculated $300-$400
4442 Treasury of the Philippines. 100 Pesos, 1949. P-1 23b. A
nice high denomination blue seal from the Victory Series.
Central Bank of the Philippines overprint seen on the
reverse with “VICTORY” written across.
Very Fine $200-$300
4443 Currency Board. 5 Pesos, 1942. P-S168a. This Emergency
Treasury Certificate from the Province of Cagayan is the
first of the type we had offered. Seen with an IRS stop
mounted onto the certificate. PMG mentions adhesive in
the comments section.
PMG About Uncirculated 55 Net.
Adhesive $300-$500
POLAND
4444 Emergency Issue. 5 Dollars, 1861. P-3. A scarce 1914
Emergency Issue 2 Mark from Danzig. Not typically seen in
problem-free Gem condition.
PMG Gem Uncirculated 65 EPQ $300-$500
lljit-il! Scn.lt
51* MUUoaen Mark 2«.4.I423
66PPQ I
4445 Senate of the Municipality. 500 Millionen Mark,
26.9.1923. P-28a. Schopenhauer at top center on this well
centered, problem-free Gem. Punch through embossing.
This note is very hard to find in Gem condition.
PCGS Gem New 66 PPQ $600-$800
4446 Bank Polski. 20 Zlotych, 1939. P-88fp. Face Proof. Face
Proof seen here on cardstock. Printing annotation on the
card stock that doesn’t effect the note. Tear at the bottom left
of the note. Otherwise nice example.
About Uncirculated $400 -$600
4447 1000 Marek, 1960. P-Unlisted. A bond for 1000 Marek seen
with a tear at the right of the design. Extra large counterfoil
with coupons seen. A neat piece for a Polish obsolete collect.
Very Fine $100-$200
PORTUGAL
4448 El Banco de Portugal. 50 Escudos, 1932 Issue, Chapa 5.
P-146. Saldanha seen at left of this collectible 50 Escudos
note from TDLR. Low 3 digit serial number of 158.
PMG Choice Very Fine 35 $500-$750
4449 El Banco de Portugal. 500 Escudos, 1942. P-155. Just some
very light foxing we mention for accuracy on the back on
this difficult design.
PMG Choice Very Fine 35 $400-$600
Page 166
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
PORTUGAL
4450 El Banco de Portugal. 20 Escudos, 1960. P-163. A lovely
1960 issue with Menezes pictured at right, and also seen in
the watermark at left. Flawless paper, and excellent centering
indicative of the gem designation.
PMG Superb Gem Uncirculated 67 EPQ $300-$500
4451 El Banco de Portugal. 500 Escudos, 1979. P-1 70b. D. Joao
II seen at right and in the watermark of this popular 500
Escudos design printed by JEZ. Seen here in a high grade
gem.
PMG Superb Gem Uncirculated 67 EPQ $200-$300
PORTUGESE INDIA
4452 El Banco Nacional Ultramarino. 30 Escudos, 1.2.1959.
P-41. Bold red color and just a small split at top and bottom
center and small stamp at back in the watermark field.
Very Fine $100-$200
PUERTO RICO
4453 Partido Nacionalista de Puerto Rico. 1,5, 10, 50, & 100
Pesos. P- Various. 5 pieces in lot. An assortment of Treasury
Certificates seen mostly with even wear.
Very Fine $100-$200
4454 An Assortment of Puerto Rico Interest Bearing Notes and
Certificates. 9 pieces in lot. A grouping of assorted Stock
Certificates and Interest bearing notes from Puerto Rico.
Various Grades $200-$300
4455 Miscellaneous Vignettes. 11 pieces in lot. An assortment
of Puerto Rican vignettes mostly from the American Bank
Note Company.
Uncirculated $200-$300
QATAR
4456 Qatar Monetary Agency. 1 Riyal, ND (1973). P-la. Qatar notes have become increasingly popular over the last couple of years. These
notes are scarce in Superb Gem condition.
PCGS Superb Gem Uncirculated 67 PPQ $500-$750
Bid online at www.stacksbowers.com
Page 167
The January 2017 NYINC Auction
QATAR
4457 Qatar Monetary Agency. 1 Riyal, ND (1973). P-la. Good
centering seen, with just some very minor toning preventing
a higher grade.
PMG Choice Uncirculated 64 $100-$200
4458 Qatar Monetary Agency. 1 Riyal, ND (ca.1980). P-7. 2
pieces in lot. Each piece found in CU 64 condition. Some
toning preventing a higher grade and an EPQ designation.
PMG Choice Uncirculated 64 $100-$200
4459 Qatar Monetary Agency. 5 Riyals, ND (ca.1980). P-8b. 3
pieces in lot. A trio of Pick 8b with one found in each grade
64 EPQ, 65 EPQ, and 66 EPQ.
PMG Choice Uncirculated 64 EPQ
to Gem Uncirculated 66 EPQ $200-$300
4460 Qatar Monetary Agency. 10 Riyals, ND (1980’s). P-9. Nice
centering and problem free paper exhibited on this lovely 10
Riyals piece.
PMG Gem Uncirculated 65 EPQ $100-$200
4461 Qatar Monetary Agency. 10 Riyals, ND (1980). P-9. 3
pieces in lot. A nice trio of problem free 10 Riyals notes
from Qatar seen with a mere fold. Two of the three notes are
consecutive with the third only being a digit off.
PMG Choice About Uncirculated 58 EPQ $100-$200
QATAR & DUBAI
4462 Qatar & Dubai Currency Board. 1 Riyal, ND (1960s).
P-la. Some light circulation preventing an EPQ designation
on this otherwise stunning note.
PMG Choice Uncirculated 64 $600-$800
4463 Qatar & Dubai Currency Board. 1 Riyal, ND. P-1.5 pieces
in lot. Some toning and staining typical of the grade, but
mentioned for accuracy, seen on these 1 Riyal pieces.
Very Fine $400-$600
4464 Qatar & Dubai Currency Board. 10 Riyals, ND (1960s).
P-3a. A well circulated 10 Riyals design offered here in
typical VF 25 condition. Seen with the normal handling
found at this grade level.
PMG Very Fine 25 $500-$750
REUNION
4465 Caisse Centrale de la France D’Outre-Mer. 5 Francs, ND
(1947). P-4 la. A nice high grade example seen here with
some toning in the left margin. “La Reunion” overprints.
PMG Choice Uncirculated 64 $150-$200
RHODESIA & NYAS ALAND
4466 Bank of Rhodesia & Nyasaland. 10 Shillings, 1960. P-20s.
Specimen. Black overprints. Printers notations in upper
margin. A problem-free example of this popular issue.
Good centering and vibrant color.
PCGSBG Choice Uncirculated 64 OPQ $700-$900
4467 Bank of Rhodesia & Nyasaland. 1 Pound, 1957. P-2 Is.
Specimen. Printed by BWC. Printers annotations in
margins. Without overprints. This attractive piece shows
lovely color and detail throughout. A great way to add depth
to any collection.
PCGSBG Choice About Uncirculated 58 $600-$800
4468 Reserve Bank of Rhodesia. 5 Dollars, 1978. P-36b. A nice
Gem example of a midsize Rhodesia note. Giraffe at left,
crest at right. The reverse features a male and female lion at
center. Portrait of Rhodes seen in watermark.
PMG Gem Uncirculated 66 EPQ $100-$200
RUSSIA— RUSSIAN SOCIALIST
FEDERATED SOVIET REPUBLIC
4469 R.S.F.S.R. 1000 Rubles, 1919. P-104e. Edge tears, minor
stains, and mounting remnants on this vertical 1000
watermarked type.
Very Good $42663
RUSSIA— U.S.S.R.
4470 State Treasury Note. 1 Gold Ruble, 1934. P-207. 3 pieces
in lot. Consecutive run of three notes. All well centered and
fully original.
PMG Gem Uncirculated 66 EPQ $50-$ 100
RUSSIA— SOUTH RUSSIA
4471 Russian Government. 50 Rubles, ND (1920). P-S438. A
remarkable example of this specialized type that shows nice
centering and perfectly original paper.
PMG Gem Uncirculated 66 EPQ $400-$600
Page 168 Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
RUSSIA— SOUTH RUSSIA
4472 Russian Government. 50 Rubles, ND (1920). P-S438.
Terrific watermarked paper. We cannot determine as to why
an “EPQ” designation was not applied by PMG.
PMG Choice Uncirculated 64 $100-$200
RUSSIA— TRANSCAUCASIA
4473 Socialist Soviet Republic of Azerbaijan. 5000 Rubles,
1921. P-S713s. Specimen. Uniface. “SPECIMEN”
overprints. A colorful design and illustrated here with all
the detail the type could offer.
PMG Choice About Uncirculated 58 $400-$600
RUSSIA— EAST SIBERIA
4474 Siberia & Urals Government Bank. 200 Rubles, 1917 ND
(1919). P-S890. Large size 200 Rubles piece from BWC
seen here in fully original condition with just a minor fold
preventing an Uncirculated designation.
PMG Choice About Uncirculated 58 EPQ $100-$200
RWANDA-BURUNDI
4475 Banque D’Emission du Rwantda et du Burundi.
500 Francs, 1960. P-6s. Specimen. Rhino pictured in
central vignette. Punch cancelled at signature panels. Red
“SPECIMEN” overprints and TDLR stamps. Small stain on
reverse.
PCGSBG Choice About Uncirculated 58 Detail.
Stain $500-$700
SAAR
4476 Treasury. 10 Mark, 1947. P-6. Even circulation throughout
this 1947 10 Mark design that we haven’t offered in quite
a bit of time. PMG mentions Tears and Minor Rust in the
comments section.
PMG Choice Very Fine 35 $300-$500
SAINT HELENA
4477 Government of St. Helena. 50 Pence, ND (1979). P-5a.
A Superb Gem Queen Elizabeth 50 Pence Saint Helena
banknote. Seen with a pack fresh appearance.
PCGS Superb Gem New 67 PPQ $100-$200
SAINT PIERRE & MIQUELON
4478 Caisse Centrale de la France D’Outre-Mer. 2 Nouveaux
Francs on 100 Francs, ND (1963). P-32. A design that
although frequented, is quite scarce in this pristine a form.
Nice centering and deeply embossed inks.
PMG Gem Uncirculated 66 EPQ $400-$600
4479 Caisse Centrale de la France. ND (1963), 2 Nouveaux
Francs on 100 Francs. P-32. A Gem offering of this St
Pierre & Miquelon note seen here on this 100 Francs design
with a 2 Nouveaux Francs overprint.
PCGS Gem New 66 PPQ $400-$600
SAINT THOMAS & PRINCE
4480 Banco Nacional Ultramarino. 20 Escudos, ND (1958).
P-36r. Remainder. Without overprints. Just handling
accounts for the grade.
PMG About Uncirculated 55 EPQ $100-$200
SARAWAK
4481 Government of Sarawak. 1 Dollar, 1935. P-20. (KNB27).
Lots of fine detail seen on this BWC 1 Dollar Sarawak
design.
PMG Very Fine 30 $300-$500
4482 Government of Sarawak. 1 Satu, 1935. P-20. Strong initial
appeal on this 1935 dated 1 Dollar type, with just a few
minor stains and repairs seen mostly in the margins.
Very Fine $300-$500
Bid online at www.stacksbowers.com
Page 169
The January 2017 NYINC Auction
Problem Free 1954 Saudi Arabian 5 Riyals
SAUDI ARABIA
4483 Saudi Arabian Monetary Agency. 5 Dollars, 1861. P-3. Red serial numbers seen on this stunning 5 Riyals design that features vibrant
colors and intricate guilloche borders. Good embossing and even better centering. A minor fold prevents an uncirculated designation.
PMG Choice About Uncirculated 58 EPQ $500-$750
4484 Saudi Arabian Monetary Agency. 10 Riyals, ND (1954).
P-4. A good example of a popular design. Minor toning
preventing an EPQ designation. Red serial numbers. Nicely
centered.
PMG Choice Uncirculated 64 $500-$700
4485 Saudi Arabia Monetary Agency. 10 Riyals, (1954). P-4.
A nice high grade 10 Riyals piece from Saudi Arabia. The
Roque Gallery’s Beverly Hills Collection is written in the
pedigree section of the holder. This note shoes exquisite
colors vibrantly displayed in a gradient fashion across the
face.
PCGS Very Choice New 64 $500-$700
4486 Saudi Arabian Monetary Agency. 5 Riyals, ND (1968).
P-1 2a. A very popular Monetary Agency note of Saudi
Arabia and this example shows with perfect color and great
centering.
PMG Gem Uncirculated 66 EPQ $500-$750
4487 Saudi Arabian Monetary Agency. 1 Riyal, 2012. P-31c.
With the closest grade to perfect available, this note comes
almost as good as it gets. Graded 69 by PMG, this note has
two different color serial numbers. Great embossing and
fantastic registration is also seen. The highest grade we have
offered for this type.
PMG Superb Gem Uncirculated 69 EPQ $500-$750
Page 170
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
SCOTLAND
4488 British Linen Bank. 1 Pound, 13.6.1967. P-1 66s.
Specimen. A high grade Scottish Specimen from the British
Linen Bank. Seen here with TDLR oval stamp overprints,
and a punch cancellation at the General Manager s signature
panel.
PCGS Superb Gem New 67 PPQ $300-$500
4489 National Commercial Bank. 1 Pound, 1959. P-265. 2
pieces in lot. A consecutive pair in uncirculated condition
of this 1 Pound 1959 BWC design.
PMG Choice Uncirculated 64 EPQ $400-$600
4490 The Commercial Bank of Scotland Limited. 5 Pounds, ND
(1947-58). P-S333s. Specimen. “SPECIMEN” overprints,
serial numbers and punch cancels. Just faint circulation on
this large format type which keeps the appeal very strong.
PMG About Uncirculated 55 $400-$600
SEYCHELLES
4491 Central Bank of Seychelles. 10 Rupees, 2013. P-Unlisted.
Commemorative replacement note with attached sheet
selvage at bottom. Excellent color on this always popular
issuer.
PMG Superb Gem Uncirculated 67 EPQ $100-$200
SIERRA LEONE
4492 Bank of Sierra Leone. 50 Cents, 1980. P-9s. Specimen.
“SPECIMEN” overprints, serial numbers, and punch
cancels at the signatures. Incredible centering and overall
technical appeal. Scarce in this high grade.
PCGS Superb Gem New 68 PPQ $100-$200
SOMALIA
4493 Banca Nazionale Somala. 20 Scellini, 1971. P-1 5s.
Specimen. “SPECIMEN” perforations and serial numbers.
The finest graded example by PMG for this catalog number
in Specimen form.
PMG Gem Uncirculated 66 EPQ $400 -$600
4494 Central Bank of Somalia. 1000 Shilin, 1990 (2000). P-R10.
2 pieces in lot. A consecutive pairing of this gorgeous 1000
Shilin design from Somalia. Vibrant orange and purple inks
seen throughout.
PCGS Gem New 66 PPQ $100-$200
SOUTH AFRICA
4495 South African Reserve Bank. 1 Pound, 1945-47. P-84f.
Just some handling accounts for the grade on this appealing
1 Pound design.
PMG Choice About Uncirculated 58 EPQ $50-$ 100
4496 South African Reserve Bank. 10 Pounds, 1943. P-87.
Mostly even circulation other than a clipped lower right
corner, which does not affect the impression.
Very Fine $75-$125
4497 South African Reserve Bank. 10 Rand, ND (2005). P-128.
A pack of modern 10 Rand notes from the “English &
Various Local African Languages / Animals” Issue set of
2005.
Pack Fresh $250-$500
Bid online at www.stacksbowers.com
Page 171
SPAIN
4498
The January 2017 NYINC Auction
El Banco de Espana. 50 Pesetas, 1938. P-1 12a. Some
moderate circulation seen on this intricate G & D design.
Pinholes mentioned on the comments section of the holder.
PMG Extremely Fine 40 $200-$300
Q
^Fi»p —
IUN Prwtwl (IWT f
68 PPQ
4500 El Banco de Espana. 10,000 Pesetas, 1985. P-161. A high
denomination Spanish note seen here in fully original paper
quality with exceptional centering and margins.
PCGS Superb Gem New 68 PPQ $400-$600
4499 Banco De Espana. 50 Pesetas, 1951. P-141a. A problem-
free 50 Pesetas note from Spain seen in fully original
condition. Santiago Rusinol pictured at right. Punch
through embossing and bold inks are observed.
Choice Uncirculated $150-$250
STRAITS SETTLEMENTS
4501 The Government of the Straits Settlements. 10 Cents,
1919. P-8b. (KNB16a). A nice medium grade for this TDLR
1919 10 cent Straits Settlements note.
PMG About Uncirculated 55 $400-$600
4502 The Government of the Straits Settlements. 10 Cents,
14.10.1919. P-8b. A couple folds and some toning seen at
right. Bold inks and vivid detail remain.
PCGS Extremely Fine 40 $100-$200
4503 The Government of the Straits Settlements. 10 Cents,
10.14.1919. P-8b. A bit of roughness at the lower right
margin. Otherwise this note is in Extremely Fine condition.
Very Fine $100-$200
W # £,04379
OtfE DOLLAR
♦ rails Settlements i British Administration f-fc /v
IVIVJ PiCk# ’ 6a I Dollar -Printer BWC < f I
W W^TB - Govfmmenl ol the Strilt* Si'iili mrnK ^ ^
nil JI/" 1 Straits Settlements / British Administration
mpjr IVfvJ' Pick# lfla KM» 20 a-d IS3I-54 I Dollar - PrirtW-r; JSWC
™i'f h m is( v f.i MUWTf S/N A/S 1 862 IK - Government ot th# Straits Sc tl lenient*
4504 The Government of the Straits Settlements. 1 Dollar, 1931-34. P-1 6a. 2 pieces in lot. A pair of Straits Settlements notes one in VF 30
Net for Foreign Substance, the other a VF 35 Net for stains.
PMG About Uncirculated Net. Foreign Substance & Stains $500-$750
4505 The Government of the Straits Settlements. 5 Dollars, 1935. P-1 7b. (KNB21e) A near Fine with just some edge and internal splits
along with a stain at back upper right. Splits, Stained are mentioned by PMG in the comments section.
PMG Very Fine 25 $400-$600
4506 The Government of the Straits Settlements. 5 Dollars, 1935. P-71b. This KGV series is scarce in any grade passed the 1 Dollar
denomination and this note is problem-free for the grade and seen with mostly even circulation.
PCGS Fine 15 $300-$500
SUDAN
4507 Sudan Currency Board. 25 Piastres, 15.9.1956. P-1 A. A gorgeous high grade example of this Pick 1A design increasing in popularity
over the passed year. Seen with vibrant red inks, and fantastic centering with original paper quality. The finest we have handled of this
catalog number.
PCGS Superb Gem New 67 PPQ $400-$600
4508 Bank of Sudan. 10 Pounds, 1961-64 Issue. P-1 0b. Medium handling and circulation seen on this popular Sudan 10 Pound note.
PMG Choice Very Fine 35 $200-$300
Page 172
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
SUDAN
4509 Siege of Khartoum. 1000 Piastres, 25.4.1884. P-S107b.
A nice 1000 Piastres example from the Siege of Khartoum.
PCGS mentions Rust Stains in the comments section of
their holder.
PCGS Choice About New 55 Apparent.
Rust Stains $500-$700
SWEDEN
4510 Riksens Standers Wexel-Banco. 16 Schillingar Banco,
1848. P-A102b. A 16 Schillingar banknote dating over 150
years, seen here with a few hard folds. Minor tear mentioned
on holder.
PCGSBG Fine 12 Details. Minor Tear. $50-$100
4511 Sveriges Rikes Standers Bank. 1 Risgbank Skilling,
1843. P-A123c. Deep yellow underprint with hand written
signatures on each signature line. Some paper thinning is
seen. A few edge tears.
Very Fine $100-$200
4512 Sveriges Riksbank. 50 Kronor, 1880-96. P-1 Op. Proof.
Back Proof printed on card. Terrific color and detail on this
highly ornate design.
PMG Gem Uncirculated 66 EPQ $300-$500
4513 Sveriges Riksbank. 100 Kronor, 1962. P-48d. Svea seated
at right, with Gustav Vasa printed on back. Watermark of
Mercury’s Head. Great centering.
PMG Gem Uncirculated 66 EPQ $200-$300
4514 Sveriges Riksbank. 50 Kronor, ND (2004-08). P-64s.
Specimen.“SPECIMEN” overprints and serial numbers.
Nicely centered and incredibly bright offering great eye
appeal.
PMG Gem Uncirculated 66 EPQ $300-$500
From the Yuri Solovey Collection
4515 Sveriges Riksbank. 1000 Kronor, ND (2005). P-67s.
Specimen. “SPECIMEN” overprints and serial numbers.
Gustav Vasa pictured in a striking portrait at right. An
exceptional example of this modern type.
PMG Gem Uncirculated 66 EPQ $500-$750
From the Yuri Solovey Collection
4516 Christianstads Enskilda Bank. 10 Kronor, 1894. P-S135s.
Specimen. Printed by BWC. A nice Swedish Specimen seen
with a roulette cancellation at center. Annotations seen at
the top right which is mentioned by PMG.
PMG Choice Uncirculated 64 $300-$500
SWITZERLAND
4517 Banque Nationale Suisse. Mixed Denominations, Mixed
Dates. P- Various. 4 pieces in lot. (2)P-49i in EF and VF;
P-49j in VF; P-51d in Very Fine. PERSONAL INSPECTION
OF THIS LOT IS RECOMMENDED. THERE WILL BE
NO RETURNS ON THIS LOT FOR ANY REASON.
Very Fine & Extremely Fine $100-$200
SYRIA
4518 Banque de Syrie. 1 Piastre, 1920. P-6. A nice small size 1
Piastre design from the BWC. Paper pull mentioned in the
comments section.
PMG Very Fine 30 $60-$100
4519 Banque de Syrie et du Liban. 1 Livre, 1939. P-40c. Scarce
even in low grade form, this note has great detail and a
colorful underprint. Ruins seen at left.
Choice Fine $100-$200
4520 Banque de Syrie et du Liban. 1 Livre, 1949. P-63. A nice
example of this low denomination from one of the finer
series’ of paper money in existence.
PMG Very Fine 25 $400-$600
4521 Central Bank of Syria. 5 Pounds, 1963. P-94s. Specimen.
Nice red overprints seen on this pleasing design from the
Central Bank of Syria. Good registration and above average
embossing.
Choice Uncirculated $300-$500
THAILAND
4522 Government of Siam. 1 Baht, 1932. P-16b. A pack fresh
and nicely centered example of this TDLR produced design.
PMG Gem Uncirculated 65 EPQ $50-$75
4523 Government of Thailand. 100 Baht, ND (1943). P-51sl.
Specimen. A scarce higher denomination note which is
challenging to locate in any form in higher grades. This
piece offers immaculate detail of the design with solid zero
serial numbers and “Mi-hon” overprint at left. Red back
with Royal Palace at center. Surely a piece which will cause
spirited bidding.
PMG Choice Uncirculated 64 EPQ $500-$800
TONGA
4524 National Reserve Bank. 10 & 50 Pa’anga, ND (1992-95).
P-28 & 36. 2 pieces in lot. P-28 10 Pa’anga is the 66 while the
50 Pa’anga is graded 65. King Taufa’ahau at right.
PMG Gem Uncirculated 65 & 66 EPQ $50-$ 100
TUNISIA
4525 Banque Centrale De Tunisie. 1 Dinar, 8.3.1972. P-67s.
Specimen. Blue, orange, and pink gradient underprint.
Punch Cancelled at signature panels. Red “SPECIMEN”
overprints, including oval shaped De La Rue & Co. stamps.
Minor Adhesive on back.
About Uncirculated $300-$500
4526 German Occupation WWII. 1000 Francs on 100, ND
(1942-43). Fr. SB701. P-31. A gorgeous German Occupation
note printed on an unissued and unlisted 100 Francs note of
Banque de France.
PMG Extremely Fine 40.
Bid online at www.stacksbowers.com
$200-$300
Page 173
The January 2017 NYINC Auction
TURKEY
4527 Treasury of Turkey. 100 Kurush, 1861. P-41. 4th Kaime
Issue. High denomination seen with an annotation in the
left of the top margin. Splits down the center and some edge
tears and fraying mentioned for accuracy. Not commonly
seen.
Choice Fine $100-$250
4528 Dette Publique Ottomane. 1 Piastre, (1916-17). P-85. A
nice problem -free small size Turkish note seen with just a
hint of circulation preventing an Uncirculated designation.
PCGS Choice About New 58 PPQ $50-$ 100
4529 Ministry of Finance. 21/2 Livres, 1 9 1 6- 1 7. P- 1 00. Toughra
of Muhammad V. Prefix J. Impressive quality is seen on this
colorful design type and just a few vertical folds and edge
fraying account for grade.
PMG Choice Very Fine 35 $300-$500
4530 Ministry of Finance. 5 Livres, ND (1918). P-1 09b.
“SIXIEME” overprint at back. A note that shows with just
even circulation and excellent color. Highly scarce any finer.
PMG Choice Very Fine 35 $400-$600
From the Yuri Solovey Collection
4531 Ministry of Finance. 5 Livres, ND (1918). P-109b. PMG
mentions an Annotation in the comments section of the
holder, on this otherwise evenly circulated 5 Livres note.
PMG Very Fine 20 $300-$500
From the Yuri Solovey Collection
4532 Central Bank of Turkey. 50 Lira, 1930. P-1 42 As. Specimen.
A marvelous high grade Specimen seen with red overprints
and punch cancellations in the signature panels. Printed by
the American Bank Note Company.
PCGS Gem New 66 PPQ $300-$500
UGANDA
4533 Bank of Uganda. 5 Shillings, ND (1977). P-5 A. A stunning
high grade 5 Shillings note from the Bank of Uganda.
The finest we’ve handled which make sense given the 69
designation by PCGS.
PCGS Superb Gem New 69 PPQ $100-$200
UKRAINE
4534 Ukrainian National Bank. 1 Hryvnia, 1992. P-103x. An
inverted serial number error note with just a margin tear
and some soiling.
Fine $25-$50
UNITED ARAB EMIRATES
4536 United Arab Emirates Central Bank. 50 Dirhams, ND
(1982). P-9a. Issued Gem offerings of United Arab Emirates
notes are always desirable as many exist in Uncirculated
condition, but not always with superior margins. This note
is seen problem-free with all of its originality.
PMG Choice Uncirculated 64 EPQ $200-$300
4537 United Arab Emirates Central Bank. 200 Dirhams, 2008.
P-3 lb. A near immaculate example of this 200 Dirhams
design.
PMG Superb Gem Uncirculated 67 EPQ $100-$200
UNITED STATES
4538 Treasury of the United States. 1 & 100 Dollars, Mixed
Dates. P- Various. 3 pieces in lot. (1) 1928 $1 Red Seal, (1)
1963B 1 Dollar FRN, and (1) $100 Red Seal from 1966 with
some toning at left.
Very Good to Fine $100-$200
4539 Allied Military Currency. Series 1944. Mixed
Denominations & Countries. 11 pieces in lot. Allied
Military Payment notes of different denominations and
countries. Among them are German 20, 50 and 100 Mark
notes. We also see a Japan 20 Yen note graded Choice
Extremely Fine 45 by PMG. PERSONAL INSPECTION
OF THIS LOT IS STRONGLY RECOMMENDED.
THERE WILL BE NO RETURNS ON THIS LOT FOR
ANY REASON.
Very Fine to Choice Uncirculated $50-$ 100
URUGUAY
4540 Banco Italiano Del Uruguay & Banco Navia Y Ca. 100
Pesos, 1887. P-S214b. Issued note without signatures. Just a
vertical fold at center and a pair of light bends are observed
on this colorful and ornate design.
Extremely Fine $100-$200
VENEZUELA
4541 Banco Central de Venezuela. 10 Bolivares, 27.01.1976.
P-3 Is. Specimen. “SPECIMEN” overprints, serial numbers
and punch cancels, fust some very faint foxing prevents a
Choice assessment.
Uncirculated $100-$200
4535 United Arab Emirates Currency Board. 10 Dirhams, ND
(1973). P-3a. A glowing example retaining significant detail,
vibrant colors, and good margins. Scarce in higher grade
and always a desirable piece amongst serious collectors.
PMG Superb Gem Uncirculated 67 EPQ $500-$750
Page 174
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
BANCO CENTRAL.
D%J
. GIEN
BOLIVAUES
^ Venezuela, Banco Central
Pick# 41 1953 100 Bolivares
paper money guaranty S/N C2454521 - Printer: TDLR
Very Mne
2454
2 1
VENEZUELA
VENEZUELA
4542 Banco Central de Venezuela. 100 Bolivares, 1953. P-41. This difficult 1953 dated design is offered here with just some pinholes which
is also mentioned by PMG in the comments section of the holder.
PMG Very Fine 20 $400-$600
4543 Banco de Venezuela. 8 Reales, 1862. P-Unlisted. An 1862
certificate seen here with elaborate hand signatures. Rust
around the serial numbers and signatures.
Choice Fine $200-$300
WEST AFRICAN STATES
4544 Banque Centrale des Etats de LAfrique de L’Ouest. 5000
Francs, ND. P-104Ah. Code letter A for Ivory Coast. A
high denomination design and this example retains fully
original paper with just a center fold and mostly handling.
Extremely Fine $200-$300
4545 Banque Centrale des Etats de LAfrique de L’Ouest. 1000
Francs, 1981. P-107A. A pack fresh and nicely centered
1000 Francs high denomination 1000 Francs.
Choice Uncirculated $25-$50
4546 Banque Centrale des Etats de LAfrique de L’Ouest. 1000
Francs, 1959-79. P-203B1. Great centering seen on this
1000 Franc piece with only some minor handling preventing
an uncirculated grade. Staining mentioned in the comments
section of the holder.
WBG About Uncirculated 55 Apparent.
Staining $400-$600
4547 Banque Centrale des Etats de LAfrique de L’Ouest. 1000
Francs, ND (1959-64). P-603Hm. Code letter “H.” A nice
high grade problem free Gem. Signature type 11.
PMG Gem Uncirculated 65 EPQ $100-$200
Bid online at www.stacksbowers.com
Page 175
The January 2017 NYINC Auction
WEST AFRICAN STATES
4548 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 24 pieces in lot. An impressive assortment
of West African countries with nice variety and pleasing
grade throughout. Highlights include: Congo Democratic
Republic (3) P-2a in AU, VF and Fine. P-4a in Uncirculated.
(2)P-5a nearly Consecutive in AU with minor foxing. P-6a in
Extremely Fine. P-7a in Fine. (2)P-8a in About Uncirculated
with star punch cancels. Balance includes a nice variety
of other modern issuers. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
Fine to Uncirculated $400-$600
WESTERN SAMOA
4549 Territory of Western Samoa. 10 Shillings, 1942. P-7b. A
circulated but popular Western Samoa note, seen here with
typical handling for the grade.
Fine $50-$100
4550 Bank of Western Samoa. 1 & 2 Tala, ND (1967). P-16s &
17s. Specimens. 2 pieces in lot. A pair of Specimens with red
“SPECIMEN” overprints punch cancelled at the signature
panels. Both seen in Gem 66 EPQ condition.
PMG Gem Uncirculated 66 EPQ $400-$600
YUGOSLAVIA
4551 National Bank of Yugoslavia. 100 Dinara, 1929. P-27b. A
large size 100 Dinara Gem. King Alexander seen at right in
the watermark.
PMG Gem Uncirculated 66 EPQ $100-$200
ZIMBABWE
4552 Reserve Bank of Zimbabwe. 1 Dollar to 100 Trillion Dollars, 2007-08. P-65, 90, & 91. 3 pieces in lot. A trio of Zimbabwe notes
including (1) of each: 1 Dollar, 50 Trillion Dollar, and a highly collectible 100 Trillion banknote. All notes seen in Gem condition.
PMG Superb Gem Uncirculated 67 EPQ $300-$500
MIXED LOTS
4553 British Military Pay Vouchers. Various Denominations. 7 pieces in lot. British pay vouchers with (1) each of the following
denominations: 5 New Pence, 1 Shilling, 5 Shillings, 10 Shillings, two different 1 Pounds and 5 Pound.
Fine to Choice Uncirculated $25-$50
4554 Miscellaneous Currency Related Items. 4 pieces in lot. A test note from the Ta-Ching Government bank, a Canadian Board of
Directors lithograph, a book on forgery, and a large sheet with “SPECIMEN” printed in a roulette style on the bottom right. PERSONAL
INSPECTION OF THIS LOT IS STRONGLY RECOMMENDED. NO RETURNS WILL BE ACCEPTED ON THIS LOT FOR ANY
REASON.
Various Grades $100-$200
Page 176
Stack’s Bowers Galleries
Session D Tuesday, January 17, 2017, 9:00 AM PT
MIXED LOTS
4555 Mixed Banks. Mixed Denominations, Mixed Dates.
P-Cuba: P-53, 48b, & 49d Uruguay: P-S383, S242, S212,
SI 73a, SI 65a, S164r, S161, & S238r. 11 pieces in lot. An
appealing grouping of (7) Uruguay and (4) Cuba notes with
mostly common to uncommon types present with most notes
of Uruguay being remainders. PERSONAL INSPECTION
OF THIS LOT IS STRONGLY RECOMMENDED.
THERE WILL BE NO RETURNS ON THIS LOT FOR
ANY REASON.
Various Grades $200-$300
4556 Mixed Banks. Mixed Denominations, Mixed Dates.
P-97c,(2)71b,36, 11,12. 6 pieces in lot. Mixed Countries.
South Africa P-97c in EF,(2) Fiji 71b in AU and UNC,
Turkey P-36 in EF with minor tears, Tibet P-1 1 in EF, Malta
P-12 in VG. PERSONAL INSPECTION OF THIS LOT IS
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Various Grades $100-$200
4557 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. Approximately 222 pieces in lot. A variety of notes
grouped together into a lot. PERSONAL INSPECTION OF
THIS LOT IS STRONGLY RECOMMENDED. THERE
WILL BE NO RETURNS ON THIS LOT FOR ANY
REASON.
Various Grades $200-$300
4558 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. Approximately 102 pieces in lot. A large mix
of common to uncommon notes with varying quality. A
large portion of the collection is modern Taiwanese notes.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Good to Uncirculated $100-$200
4560 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 16 pieces in lot. Including the following; P-3,
S484, S646a, S1472, S1498, S1503, S1524, S1527, S1576r,
S1776, S1577r, S1781r, S1783r, 99As, S1784, S1794. All
varying in grade with remainder notes being more pleasing
than issued notes as expected. PERSONAL INSPECTION
OF THIS LOT IS STRONGLY RECOMMENDED.
THERE WILL BE NO RETURNS ON THIS LOT FOR
ANY REASON.
Various Grades $700-$1000
4561 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 25 pieces in lot. A large group of mostly African
and Dutch Colonies. Nice assortment with two highlights
being a Comoros P-3b and Rwanda P-22 in Uncirculated.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Very Good to Uncirculated $400-$600
End of Session D
4559 Mixed Banks. Mixed Denominations, Mixed Dates.
P- Various. 14 pieces in lot. A unique offering of a variety
of world banknotes ranging in condition. Certainly a great
lot to purchase an assortment of items to begin a collection.
PERSONAL INSPECTION OF THIS LOT IS STRONGLY
RECOMMENDED. THERE WILL BE NO RETURNS ON
THIS LOT FOR ANY REASON.
Fine to Uncirculated $250-$350
Bid online at www.stacksbowers.com
Page 177
Bidding Increments
Bid
Bid Increment
$0-$99
$5.00
$1004199
$10.00
$2004499
$20.00
$5004999
$50.00
$1,00041,999
$100.00
$2,00044,999
$200.00
$5,00049,999
$500.00
$10,000419,999
$1,000.00
$20,000449,999
$2,000.00
$50,000499,999
$5,000.00
$100,0004199,999
$10,000.00
$200,0004499,999
$20,000.00
$500,0004999,999
$50,000.00
$1,000,00041,999,999
$100,000.00
$2,000,000+
$200,000.00
178
Terms & Conditions
1. Auction Basics. This is a public auction sale (“Auction Sale”) conducted by bonded
auctioneers, Stacks Bowers Galleries or Stacks Bowers and Ponterio (hereinafter re-
ferred to as “Auctioneer” and at times as “Stacks Bowers”). Bidding in this Auction
Sale constitutes acceptance by you (“Bidder”) of all the Terms of Sale stated herein.
Bidders may include consignors who may bid and purchase lots in the Auction Sale
consigned by the consignor or by other consignors pursuant to their consignment
agreement with Stacks Bowers (“Consignor” or “Consignors”). A Consignor that bids
on their own lots in the Auction Sale may pay a different fee than the Buyers Pre-
mium charged to all other Buyers. Stacks Bowers reserves the right to include in any
auction sale its own material as well as material from affiliated or related companies,
principals, officers or employees. Stacks Bowers may have direct or indirect interests
in any of the lots in the auction and may collect commissions. THE TWO PRECEED-
ING SENTENCES SHALL BE DEEMED A PART OF THE DESCRIPTION OF ALL
LOTS CONTAINED IN THE CATALOG. Where the Consignor has repurchased a lot
and the lot is either returned to the Consignor or otherwise dealt with or disposed
of in accordance with the Consignors direction, or pursuant to contractual agree-
ment, Stacks Bowers reserves the right to so note in the prices realized or to omit a
price from the prices realized. Stacks Bowers and its affiliates may bid for their own
account at any auction. Stacks Bowers and its affiliates may have information about
any lot that is not known publicly, and Stacks Bowers and its affiliates reserves the
right to use such information, in a manner determined solely by them and for their
benefit, without disclosing such information in the catalog, catalog description or at
the auction. Bidder acknowledges and agrees that Stacks Bowers and its affiliates are
not required to pay a Buyer s Premium, or other charges that other Bidders may be re-
quired to pay and may have access to information concerning the lots that is not oth-
erwise available to the public. Any claimed conflict of interest or claimed competitive
advantage resulting therefrom is expressly waived by all participants in the Auction
Sale. Lots may carry a reserve (“Reserve”). A Reserve is a price or bid below which the
Auctioneer will not sell an item or will repurchase on behalf of the Consignor or for
Stacks Bowers. Reserves may be confidential and not disclosed. The Buyer is the Bid-
der who makes the highest bid accepted by the Auctioneer, and includes the principal
of any Bidder acting as an agent.
2. Descriptions and Grading. Bidder acknowledges that grading of most coins and
currency in this Auction has been determined by independent grading services, and
those that are not may be graded by Stacks Bowers. Grading of rare coins and cur-
rency is subjective and, even though grading has a material effect on the value of the
coins and currency, grading may differ among independent grading services and
among numismatists. Stacks Bowers is not responsible for the grades assigned by
independent grading services, and makes no warranty or representation regarding
such grades. Bidder further acknowledges and agrees that grades assigned by Stacks
Bowers and lot descriptions are based solely upon an examination of the coins and
currency and are intended to identify coins and currency and note any perceived
characteristics. However, coin grading and descriptions are subjective. Stacks Bowers
does not warrant the accuracy of such grading or descriptions, nor do they in any way
form the basis for any bid. All photographs in this catalog are of the actual items being
sold but may not be the actual size or to scale.
3. The Bidding Process. The Auctioneer shall have the right to open or accept the
bidding on any lot by placing a bid on behalf of the Consignor or his or her agent; a
Bidder by mail, telephone, Internet or telefax; or any other participant in the Auction
Sale. Bids must be for an entire lot and each lot constitutes a separate sale. All bids
must be on increment as established by the Auctioneer, or half increment (a cut bid).
Non-conforming bids will be rounded down to the nearest full increment and this
rounded bid will be the bidders high bid. No lot will be broken up unless otherwise
permitted by the Auctioneer. Lots will be sold in their numbered sequence unless
Auctioneer directs otherwise. All material shall be sold in separate lots to the highest
Bidder as determined by the Auctioneer. Auctioneer shall have the right in its sole
and absolute discretion to accept or decline any bid, establish bid increments, chal-
lenge any bid or bidding increment, to reduce any mail bid received, adjudicate all
bidding disputes, to exclude any bidder and to determine the prevailing bid. The Auc-
tioneer shall have the right, but not the obligation, to rescind the acceptance of any
bid and place the lot(s) for Auction Sale again. Auctioneers decision on all bidding
disputes shall be binding and final. For the mail and Internet Bidders protection, no
“unlimited” or “buy” bids will be accepted. When identical bids are received for a lot,
preference is given to the first bid received as determined by the Auctioneer. A mail
bid will take precedence over an identical floor bid; a Floor Bidder, Telephone Bidder
and Live Internet Bidder must bid higher than the highest mail bid to be awarded any
lot. Cut bids are only accepted on bids greater than $500 and each bidder may only
execute one cut bid per lot. Bids will not be accepted from persons under eighteen
(18) years of age without a parents written consent which acknowledges the Terms
of Sale herein and agrees to be bound thereby on behalf of the underage Bidder. The
auction sale is complete when the Auctioneer so announces by the fall of the hammer
or in any other customary manner.
THIS IS NOT AN APPROVAL SALE. Bidders who physically attend the Auction sale,
either personally or through an agent (“Floor Bidders”) should carefully examine all
lots which they are interested in purchasing. Bidders who bid by telephone, either
personally or through an agent, or through our live auction software receive a similar
benefit as Floor Bidders in being able to actively participate in the live Auction Sale
(“Telephone Bidders” and “Live Internet Bidders”). Except as otherwise expressly
provided in these Terms of Sale, NO PURCHASED ITEMS MAY BE RETURNED FOR
ANY REASON. All prospective Bidders who examine the lot(s) prior to the Auction
Sale personally assume all responsibility for any damage that Bidder causes to the
lot(s). Stacks Bowers shall have sole discretion in determining the value of the dam-
age caused, which shall be promptly paid by such Bidder.
Certain auctions or auction sessions, will be conducted exclusively over the Internet,
and bids will be accepted only from pre-registered Bidders.
STACK’S BOWERS IS NOT RESPONSIBLE FOR ANY ERRORS IN BIDDING. All Bid-
ders should make certain to bid on the correct lot and that the bid is the bid intended.
Once the hammer has fallen and the Auctioneer has announced the Buyer, the Buyer
is unconditionally bound to pay for the lot, even if the Buyer made a mistake. Stacks
Bowers reserves the right to withdraw any lot at any time, even after the hammer has
fallen, until the Buyer has taken physical possession of the lot. No participant in the
Auction Sale shall have a right to claim any damages, including consequential dam-
ages if a lot is withdrawn, even if the withdrawal occurs after the Auction Sale.
4. Bidder Registration Required. All persons seeking to bid must complete and
sign a registration card either at the auction or online, or otherwise qualify to bid, as
determined in the sole discretion of the Auctioneer. By submitting a bid, the Bidder
acknowledges that Bidder has read the Terms and Conditions of Auction Sale, the
descriptions for the lot(s) on which they have bid, and that they agree to be bound by
these Terms of Sale. This agreement shall be deemed to have been made and entered
in California. The Bidder acknowledges that the invoice describing a lot by number
incorporates the catalog and Terms of Sale. Person appearing on the OFAC list are
not eligible to bid.
5. Buyer’s Premiums. A premium of seventeen and one-half percent (17 1/2%) based
upon the total amount of the hammer (minimum of $15), will be added to all pur-
chases of individual lots, regardless of affiliation with any group or organization (the
“Buyers Premium”). A reacquisition charge may apply to Consignors pursuant to a
separate agreement, which may be higher or lower than the Buyer s Premium.
6. Payment. Payment is due immediately upon the fall of the auctioneers hammer.
Payment is delinquent and in default if not received in full, in good funds, within
fourteen (14) calendar days of the Auction Sale (the “Default Date”), without ex-
ception, time being of the essence. Unless otherwise agreed in writing prior to the
Auction Sale, all auction sales are payable strictly in immediately available good U.S.
funds, through a bank in the United States. Payments may be made by credit card,
Paypal, check, wire transfer, money order and cashiers check. Cash transactions will
be accepted in the sole discretion of Stacks Bowers, and if accepted, for any cash
transaction or series of transactions exceeding $10,000, a Treasury Form 8300 will
be filed. Contact Stacks Bowers for wiring instructions before sending a wire. Bank
wires sent from a foreign bank are subject to an international bank wire fee of $35.
We accept payment by Visa, MasterCard, American Express, Discover or Paypal for
invoices up to $2,500, with a maximum of $10,000 in any 30 day period. All pay-
ments are subject to a clearing period. Checks drawn on U.S. banks will be subject
to up to a 10 business day hold, and checks drawn on foreign banks will be subject
to a 30 day hold. Stacks Bowers reserves the right not to release lots for which good
funds have not yet been received. On any past due accounts, Stacks Bowers reserves
the right, without notice, to extend credit and impose carrying charges (as described
below). Buyers agree to pay reasonable attorneys fees and cost incurred to collect
past due accounts. Buyers personally and unconditionally guarantee payment in full
179
of all amounts owed to Stacks Bowers. Any person submitting bids on behalf of a
corporation or other entity, by making such bid, agrees to be personally jointly and
severally liable for the payment of the purchase price and any related charges and the
performance of all Buyer obligations under these Terms of Sale and Stacks Bowers
reserves the right to require a written guarantee of such payments and obligations.
Bidders who have not established credit with Stacks Bowers must furnish satisfactory
information and credit references and/or deposit at least twenty-five percent (25%) of
their total bids for that Auction Sale session(s) or such other amount as Stacks Bowers
may, in its sole and absolute discretion require before any bids from such Bidder will
be accepted. Deposits submitted will be applied to purchases. Any remaining deposits
will be promptly refunded, upon clearance of funds.
7. Sales Tax. Buyers will be charged all applicable sales tax, including Buyers who
pick up at this Auction or shipments to Buyers in California and New York without a
valid Resale Certificate which has been provided to the Auctioneer prior to the auc-
tion. Please note that the purchase of any coin or bullion lot(s) with a price, including
the Buyers Premium, in excess of: (i) One Thousand Dollars ($1,000), for auctions
held in Maryland, are exempt from Maryland sales tax, and (ii) One Thousand Five
Hundred Dollars ($1,500) are exempt from California sales tax. These exemptions do
not apply purchases of currency. Purchases of coins and currency are exempt from
sales tax in Illinois. Please note, this is not, and is not intended to be, a complete
description of applicable sales tax laws in all jurisdictions. In the event any appli-
cable sales tax is not paid by Buyer that should have been paid, even if not such tax
was not collected by Stacks Bowers by mistake, error, negligence or gross negligence,
Buyer nonetheless remains fully liable for and agrees to promptly pay such taxes on
demand, together with any interest or penalty that may be assessed by the taxing
authority.
8. Financial Responsibility. In the event any applicable conditions of these Terms
of Sale herein are not complied with by a Buyer or if the Buyer fails to make payment
in full by the Default Date, Stacks Bowers reserves the right, in its sole discretion, in
addition to all other remedies which it may have at law or in equity to rescind the sale
of that lot or any other lot or lots sold to the defaulting Buyer, retaining all payments
made by Buyer as liquidated damages, it being recognized that actual damages may
be speculative or difficult to compute, and resell a portion or all of the lots held by
Stacks Bowers, in a commercially reasonable manner, which may include a public
or private sale, in a quantity sufficient in the opinion of Stacks Bowers to satisfy the
indebtedness, plus all accrued charges, and Stacks Bowers may charge a sellers com-
mission that is commercially reasonable. More than one such sale may take place at
the option of Stacks Bowers. If Stacks Bowers resells the lots, Buyer agrees to pay for
the reasonable cost of such sale, together with any incidental costs of sale, includ-
ing reasonable attorneys fees and costs, cataloging and any other reasonable charges.
Notice of the sale shall be by U.S.P.S. Certified Mail, Return Receipt Requested to the
address utilized on the Bid Sheet, Auction Consignment and Security Agreement or
other last known address by Stacks Bowers. The proceeds shall be applied first to the
satisfaction of any damages occasioned by Buyers breach, then to any other indebt-
edness owed to Stacks Bowers, including without limitation, commissions, handling
charges, carrying charges, the expenses of both sales, sellers fees, reasonable attor-
neys’ fees, costs, collection agency fees and costs and any other costs or expenses
incurred. Buyer shall also be liable to Stacks Bowers for any deficiency if the proceeds
of such sale or sales are insufficient to cover such amounts.
Buyer grants to Stacks Bowers, its affiliates and assignees, the right to offset any sums
due, or found to be due to Stacks Bowers, and to make such offset from any past,
current, or future consignment, or purchases that are in the possession or control
of Stacks Bowers; or from any sums due to Buyer by Stacks Bowers, its affiliates and
assignees. In addition, defaulting Buyers will be deemed to have granted to Stacks
Bowers, its affiliates and assignees, a security interest in: (x) the purchased lots and
their proceeds, and (y) such sums or other items and their proceeds, in the possession
of Stacks Bowers, its affiliates or assignees, to secure all indebtedness due to Stacks
Bowers and its affiliated companies, plus all accrued expenses, carrying charges, sell-
ers fees, attorney fees, and costs, until the indebtedness is paid in full. Buyer grants
Stacks Bowers the right to file a UCC-1 financing statement for such items, and to
assign such interest to any affiliated or related company or any third party deemed
appropriate by Stacks Bowers. If the auction invoice is not paid for in full by the De-
fault Date, a carrying charge of one-and-one-half percent (1-1/2%) per month may
be imposed on the unpaid amount until it is paid in full. In the event this interest rate
Terms & Conditions (cont.)
exceeds the interest permitted by law, the same shall be adjusted to the maximum rate
permitted by law, and any amount paid in excess thereof shall be allocated to princi-
pal. Buyer agrees to pay all reasonable attorneys fees, court costs and other collection
costs incurred by Stacks Bowers or any affiliated or related company to collect past
due invoices or to interpret or enforce the terms hereof or in any action or proceed-
ing arising out of or related to the Auction Sale. Stacks Bowers reserves the right to
assign its interest to any third party. To the extent that the Buyer for any lot consists
of more than one person or entity, each such person or entity is jointly and severally
liable for all obligations of the Buyer, regardless of the title or capacity of such person
or entity. Stacks Bowers shall have all the rights of a secured creditor under Article 9
of the California Commercial Code and all rights of the consignor to collect amounts
due from the Buyer, whether at law or equity.
9. Shipping. It is the Buyers responsibility to contact Stacks Bowers after the sale
to make shipping and packaging arrangements. Due to the fragile nature of some
lots, Stacks Bowers may elect not to assume responsibility for shipping or packing,
or may charge additional shipping and handling. Lots indicated as being “framed”
or that are specifically identified in the catalog are shipped at Buyers risk. All taxes,
postage, shipping, if applicable, handling, insurance costs, the Buyers Premium, and
any other fees required by law to be charged or collected will be added to the invoice
for any lots invoiced to Buyer. All lots shipped to foreign countries will be billed an
additional one-half percent (1/2%) for insurance (minimum of $10). For any lots
delivered outside the United States, the declaration value shall be the item (s) ham-
mer price plus its buyers premium. Auctioneer shall not be liable for any loss caused
or resulting from seizure or destruction under quarantine or customs regulation or
confiscation by order of any government or public authority. All lots will be shipped
FOB Destination, freight prepaid and charged back. Title and risk of loss pass to the
Buyer at the destination upon tender of delivery. Acceptance of delivery constitutes
acceptance of the purchased lots. Inspection of the purchased lots is not required for
acceptance. Any and all claims based upon Buyers failure to receive a purchased lot,
Buyers receipt of a lot in damaged condition, or otherwise related to delivery, must
be received in writing by Stacks Bowers no later than the earlier of thirty (30) days
after payment, or the date of the Auction Sale (the “Outside Claim Date”). As Buyers
may not receive notification of shipment, it is Buyers responsibility to keep track of
the Outside Claim Date and make timely notification of any such claim. The failure to
make a timely claim, time being of the essence, shall constitute a waiver of any such
claim. Orders paid by credit card will only be shipped to the verified address on file
with the credit card merchant.
10. DISCLAIMER AND WARRANTIES. NO WARRANTY OF MERCHANTABIL-
ITY OR FITNESS FOR A PARTICULAR PURPOSE IS MADE OR IMPLIED ON ANY
LOT. NO WARRANTY, WHETHER EXPRESSED OR IMPLIED, IS MADE WITH RE-
SPECT TO ANY LOT EXCEPT FOR WARRANTY OF TITLE, AND IN THE CASE OF
TITLE, AUCTIONEER IS SELLING ONLY THAT RIGHT OR TITLE TO THE LOT
THAT THE CONSIGNOR MAY HAVE AS OF THE AUCTION SALE DATE. ALL
LOTS ARE SOLD “AS IS” AND WITH ALL FAULTS. PURCHASER HEREBY AS-
SUMES ALL RISKS CONCERNING AND RELATED TO THE GRADING, QUALITY,
DESCRIPTION, CONDITION, AUTHENTICITY, AND PROVENANCE OF A LOT.
a. COINS AND CURRENCY LISTED IN THIS CATALOG GRADED BY PCGS, NGC,
ANACS, ICG, PCGS CURRENCY, PMG, PCGS BANKNOTE GRADING, CMC OR
ANY OTHER THIRD PARTY GRADING SERVICE OR EXAMINED BY THE BUYER
PRIOR TO THE AUCTION SALE MAY NOT BE RETURNED FOR ANY REASON
WHATSOEVER BY ANY BUYER, EXCEPT FOR CLAIMS RELATED TO AUTHEN-
TICITY.
b. For non-certified coins and currency that have not been examined by the Buyer
prior to the Auction Sale: if it is determined in a review by Stacks Bowers that there
is a material error in the catalog description of a non-certified coin or currency or the
coin or currency is not authentic, such lot may be returned, provided written notice
is received by Stacks Bowers no later than seventy-two (72) hours of delivery of the
lots in question, and such lots are returned and received by Stacks Bowers, in their
original, sealed containers, no later than fourteen (14) calendar days after delivery, in
the same condition the lot(s) were delivered to the Buyer, time being of the essence.
c. If an item or items are returned pursuant to the terms herein, they must be housed
in their original, sealed and unopened container.
180
Terms & Conditions (cont.)
d. Late remittance or removal of any item from its original container, or altering a
coin constitutes just cause for revocation of all return privileges.
e. Grading or condition of rare coins and currency may have a material effect on the
value of the item(s) purchased, and the opinion of others (including independent
grading services) may differ with the independent grading services opinion or inter-
pretation of Stacks Bowers. Stacks Bowers shall not be bound by any prior, or sub-
sequent opinion, determination or certification by any independent grading service.
f. Questions regarding the minting of a coin as a “proof” or as a “business strike”
relate to the method of manufacture and not to authenticity.
g. All oral and written statements made by Stacks Bowers and its employees or agents
(including affiliated and related companies) are statements of opinion only, and are
not warranties or representations of any kind, unless stated as a specific written war-
ranty, and no employee or agent of Stacks Bowers has authority to vary or alter these
Terms and Conditions of Auction Sale. Stacks Bowers reserves the right to vary or
alter the Terms of Sale, either generally or with respect to specific persons or circum-
stances, in its sole discretion. Any variation or alteration shall be effective only if in
writing and signed by an officer of Stacks Bowers authorized to do so.
h. Stacks Bowers is acting as an auctioneer. Title to the lots purchased passes directly
from the Consignor to the Buyer. Accordingly, Stacks Bowers is not making, and dis-
claims, any warranty of title.
i. Bidder acknowledges that the numismatic market is speculative, unregulated and
volatile, and that coin prices may rise or fall over time. Stacks Bowers does not guar-
antee or represent that any customer buying for investment purposes will be able to
sell for a profit in the future.
j. Bidder acknowledges and agrees that neither Stacks Bowers, nor its employees,
affiliates, agents, third-party providers or consignors warrant that auctions will be
unimpaired, uninterrupted or error free and accordingly shall not be liable for such
events.
11. Waiver and Release. Bidder, for himself, his heirs, agents, successors and as-
signees, generally and specifically waives and releases, and forever discharges Stacks
Bowers, and its respective affiliates, parents, officers, directors, shareholders, agents,
subsidiaries, employees, managers and members and each of them, and their respec-
tive successors and assignees from any and all claims, rights, demands and causes
of actions and suits, of whatever kind or nature, including but not limited to claims
based upon Auctioneers negligence, whether in law or equity, tort or otherwise,
whether known or unknown, suspected or unsuspected (a “Claim”), which Bidder
may assert with respect to and/or arising out of, or in connection with any challenge
to the title to or authenticity of any goods purchased, the sale itself, any lot bid upon
or consigned, and/or the auction, except where such Claim is otherwise expressly
authorized in these Terms of Sale. It is the intention of Bidder that this waiver and
release shall be effective as a bar to each and every Claim that may arise hereunder or
be related to the Auction Sale, and Bidder hereby knowingly and voluntarily waives
any and all rights and benefits otherwise conferred upon him by the provisions of
Section 1542 of the California Civil Code, which reads in full as follows:
“A GENERAL RELEASE DOES NOT EXTEND TO CLAIMS WHICH THE CREDI-
TOR DOES NOT KNOW OR SUSPECT TO EXIST IN HIS OR HER FAVOR AT THE
TIME OF EXECUTING THE RELEASE, WHICH IF KNOWN BY HIM OR HER
MUST HAVE MATERIALLY AFFECTED HIS OR HER SETTLEMENT WITH THE
DEBTOR.”
12. Disputes. If a dispute arises concerning ownership of a lot or concerning pro-
ceeds of any sale, Stacks Bowers reserves the right to commence a statutory inter-
pleader proceeding at the expense of the Consignor and Buyer and any other appli-
cable party, and in such event shall be entitled to its reasonable attorneys’ fees and
costs. Stacks Bowers reserves the right to cancel or postpone the Auction Sale or any
session thereof for any reason whatsoever. No Bidder shall have any claim as a result
thereof, including for incidental or consequential damages. Neither Stacks Bowers
nor any affiliated or related company shall be responsible for incidental or consequen-
tial damages arising out of any failure of the Terms of Sale, the auction or the conduct
thereof and in no event shall such liability exceed the purchase price, premium, or
fees paid. Rights granted to Bidders under the within Terms and Conditions of Auc-
tion Sale are personal and apply only to the Bidder who initially purchases the lot(s)
from Stacks Bowers. The rights may not be assigned or transferred to any other per-
son or entity, whether by sale of the lot(s), operation of law or otherwise. Any attempt
to assign or transfer any such rights shall be absolutely void and unenforceable. No
third party may rely on any benefit or right conferred by these Terms and Conditions
of Auction Sale.
Any dispute arising out of or related to these Terms of Sale, the Auction Sale or any lot,
with the sole exception of actions by Stacks Bowers to collect amounts owed to it and
other damages, shall be submitted to binding arbitration pursuant to the commer-
cial arbitration rules of the American Arbitration Association, with any arbitration
hearing to occur in Orange County, California. Absent an agreement of the parties,
the arbitrator shall limit discovery to that which is necessary to enable the hearing
to proceed efficiently. The arbitrator shall not have the power to award punitive or
consequential damages, nor alter, amend modify any of the terms of this Agreement.
The award by the arbitrator, if any, may be entered in any court having jurisdiction
thereof. Each party shall pay one-half the costs of the arbitration. Bidder acknowledg-
es and agrees that the competent courts of the State of California shall have exclusive
in personam jurisdiction, subject to the requirement to arbitrate, over any dispute(s)
arising hereunder, regardless of any party’s current or future residence or domicile.
Bidder further agrees that venue of the arbitration proceeding shall be in Orange
County, California; and any court proceeding shall be in the Orange County Superior
Court, in the State of California, and in each case waive any claim of Forum Non Con-
veniens. Bidder agrees that any arbitration or legal action with respect to this Auction
Sale is barred unless commenced within one (1) year of the date of this Auction Sale.
AUCTION PARTICIPANTS EXPRESSLY WAIVE ANY RIGHT TO TRIAL BY JURY.
13. General Terms. These Terms and Conditions of Auction Sale and the auction
shall be construed and enforced in accordance with, and governed by, the laws of
the State of California, regardless of the location of the Auction Sale. These Terms of
Sale and the information on the Stack’s Bowers’ website constitute the entire agree-
ment between the parties hereto on the subject matter hereof and supersede all other
agreements, understandings, warranties and representations concerning the subject
matter hereof. If any section of these Terms of Auction Sale or any term or provision
of any section is held to be invalid, void, or unenforceable by any court of competent
jurisdiction, the remaining sections or terms and provisions of a section shall con-
tinue in full force and effect without being impaired or invalidated in any way. Stack’s
Bowers may at its sole and absolute discretion, make loans or advances to Consignors
and/or Bidders.
Bidding in this auction sale constitutes unconditional acceptance by the Bidder of the
foregoing terms of sale.
Please note: Transparent holders in which the auction lots are stored are to facilitate
viewing and inspection of the lots and ARE NOT for long-term storage.
PCGS and NGC numbers provided are for bidder convenience only, we do not guar-
antee their accuracy. An incorrect PCGS or NGC number is not grounds to return a
lot.
For PRICES REALIZED after the sale, call 1-800-458-4646. Preliminary prices
realized will also be posted on the Internet soon after the session closes.
181
Trusted Names, Familiar Faces,
Dynamic Results!
Here at Stack’s Bowers Galleries, our experts have been at the forefront of numismatics for over
80 years, handling more prominent collections and rarities than any other coin firm in the world.
We understand the importance of exceptional customer care, and our unwavering commitment to
personal service has earned the trust of the most astute collectors, corporations, dealers, investors,
museums, bankers, galleries, government agencies and fiduciaries worldwide.
We invite you to consign to one of our exciting 2017 events and experience how our expertise,
unmatched commitment to personal service, auction presentation, widespread marketing and global
reach can realize the highest prices for your consignment. Let us share our success with you.
• Monthly Collectors Choice Online Auctions
• Official Auctions of the Whitman Coin & Collectibles Expos, March, June and November 2017
• Hong Kong Showcase Auctions of Chinese and Asian Coins, April and August 2017
• An Official Auction of the ANA Worlds Fair of Money, August 2017
Call or email us for more information on consigning to one of
these Stacks Bowers Galleries auctions. It may well be the most
financially rewarding decision you will ever make.
800.458.4646 • West Coast • 800.566.2580 • East Coast
Consign@StacksBowers.com
Q. David Bowers
Harvey G. Stack Lawrence R. Stack
Brian Kendrella Christine Karstedt
Peter A. Treglia Vicken Yegparian
Scott Reiter
Richard Ponterio
Jtach&Row&ti
GALLERIES
America’s Oldest and Most Accomplished Rare Coin Auctioneer
182
Stacks Bowers Galleries
Competitive Buyers at Top Market Price for
Your United States and World Coins and Currency
Stacks Bowers Galleries has been at the forefront of numismatic auctions for over 80 years. In addition we pay top
market price for coins and currency whether single items or entire collections. Our buyers have over 200 years of
experience and have paid over $1 billion to thousands of satisfied customers.
We invite you to convert your coins or paper money to cash you can spend right now! Visit our New York store
or make an appointment with one of our experts for a personal consultation and an instant check. Simply go to
StacksBowers.com or call us and we will handle all the details.
Coming to a city near you in the next few weeks!
Alexandria, VA
Anaheim, CA
Baltimore, MD
Boston, MA
Chicago, IL
Cincinnati, OH
Dallas, TX
Denver, CO
Fort Lauderdale, FL
Helena, MT
Houston, TX
Las Vegas, NV
Long Beach, CA
Los Angeles, CA
Memphis, TN
★
Milwaukee, WI
Minneapolis, MN
New York City, NY
New Orleans, LA
Orlando, FL
Philadelphia, PA
Rosemont, IL
Santa Ana, CA
Schaumberg, IL
Tampa, FL
$
Call, Fax or Email Stack’s Bowers Galleries Today to Set Up Your Appointment
800.458.4646 West Coast Office • 800.566.2580 East Coast Office • Fax: 949.955.1824 • Email: Info@StacksBowers.com
JlachASowe^
GALLERIES
America’s Oldest and Most Accomplished Rare Coin Auctioneer
183
Comments from Exhibitors
Once again, 1 would like to express my full respect for the
perfect organization of the Hong Kong show last week.
Practically everything was perfect and I must say, it
was the best show I have ever attended since 30 years
in business.
tfJuly. liKiS.
ASJVMC BANKIHX COftTOftATlON
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The most prominent intermational numismatic event in the Asia Pacific region
H&HKCSSiiiliR]
Follow us on @hongkongcoinshow P^»
WEIBO | TWITTER | FACEBOOK | INSTAGRAM |g| ■ ■ l^l
45th Annual
New York International
Numismatic Convention
America’s Most Prestigious Foreign & Ancient Coin Show
January 12-15, 2017
Public Show Hours:
Friday, January 13 • 10AM - 7PM
Saturday, January 14 • 10AM - 7PM
Sunday, January 15 • 10AM - 3PM
$20 for a three-day pass valid Friday - Sunday
16 and under free with an adult (Check our
website to print a discount admission coupon)
Location:
Waldorf Astoria Hotel
301 Park Avenue
(Between 49th and 50th Streets)
Call (212) 355-3000 and mention rate
code “NYN” for our special NYINC room rates
from $269. (Call early. Limited rooms available
at these special discounts.)
Professional Preview:
Thursday, January 12, 2017 (Early Bird Day)
12PM - 7PM I $125 Registration Fee
Visit our website, NYINC.info, for a complete
Schedule of Events, including auction lot viewing,
auction sessions, educational programs and bourse hours.
Bourse Information:
Kevin Foley - Convention Chairman
P.O. Box 370650, Milwaukee, WI 53237
(414) 807-0116 • FAX: (414) 747-9490
Email: kfoley2@wi.rr.com
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GALLERIES
America’s Oldest and Most Accomplished Rare Coin Auctioneer
800.458.4646 West Coast Office • 800.566.2580 East Coast Office
1231 East Dyer Road, Ste 100, Santa Ana, CA 92705 • 949.253.0916
123 West 57th Street, New York, NY 10019 • 212.582.2580
info@stacksbowers.com • www.stacksbowers.com
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